IIMB Management Review

Journal of Indian Institute of Management Bangalore

Predicting Food Price Inflation through Online Prices in India

Ritwik Banerjee, Nished Singhal and Chetan Subramanian
Journal Name
Economic & Political Weekly
Journal Publication
others
Publication Year
2018
Journal Publications Functional Area
Economics
Publication Date
Vol. 53, No. 38, September 2018, Pg. 53-60
Abstract

Food and beverages price data from a leading online marketplace is used to compute an online price index. This index successfully tracks the official consumer price index not only at the aggregate level, but also at the subgroup level. The results indicate that online prices can be a quick and efficient source of price data, which can provide a cheap, but credible, signal of inflationary pressures on a real-time basis.

Predicting Food Price Inflation through Online Prices in India

Author(s) Name: Ritwik Banerjee, Nished Singhal and Chetan Subramanian
Journal Name: Economic & Political Weekly
Volume: Vol. 53, No. 38, September 2018, Pg. 53-60
Year of Publication: 2018
Abstract:

Food and beverages price data from a leading online marketplace is used to compute an online price index. This index successfully tracks the official consumer price index not only at the aggregate level, but also at the subgroup level. The results indicate that online prices can be a quick and efficient source of price data, which can provide a cheap, but credible, signal of inflationary pressures on a real-time basis.