Initiatives and Related Projects
Some practical applications of our research
Inflacion Verdadera Argentina
A daily inflation index for Argentina. Published since 2007 as an alternative to the official CPI which was manipulated by the government during the period 2007-2016. This is how we first started using online prices to measure inflation.
PriceStats Daily Inflation and PPP Statistics
PriceStats is the company that collects the online prices used by the BPP. It currently publishes daily inflation and PPP indices in over 20 countries. Click here for a historical comparison of the US Online Index and the CPI.
An attempt to validate online data and better understand how offline pricing behaviors are being affected by the web and mobile browsing/price‐checking technologies.
Inflacion Verdadera Venezuela
Our latest project using mobile phones and crowd-sourcing to measure Venezuela’s inflation rate
What we do
The Billion Prices Project is an academic initiative that uses prices collected from hundreds of online retailers around the world on a daily basis to conduct research in macro and international economics. It was founded in 2008 by Alberto Cavallo and Roberto Rigobon. This page shows our most recent research and links to related projects.
More than 1000
Countries with Data
From 2008 on
Current team members
News and Media
En épocas en las que la Argentina atravesaba el “apagón estadístico”, con cifras oficiales adulteradas sobre inflación, pobreza o PBI, el sitio InflaciónVeradera.com fue una referencia para determinar la evolución real de los precios de la economía.
Tomorrow’s Prices – An interview with Alberto Cavallo on why consumers have such a hard time thinking about inflation
We see prices every day. Whether we are grocery shopping, going to the movies, or filling up our cars with gas, we notice the prices of what we buy and how they change over time.
Adrian Ash, of BullionVault, writes exclusively for What Investment on the outlook for the gold price as inflation and interest rates rise.
Alongside Russia-US tensions and crisis-driven spikes in the oil price, suddenly inflation is back making headlines.
Everyone knew something was wrong. Between 2007 and 2011, the Argentine government claimed inflation was running at an average of 8 per cent but the numbers did not tally with what households were experiencing.
Statistics imply that real wages may be falling by 0.6% annually – compared with the 0.9% growth rate indicated by official data.
Prices in the UK are now rising at an annual rate of more than 3% in the latest evidence of economic fallout from the EU referendum, according to figures seen by Sky News.
In the dying days of 2015 came news to set any geek’s pulse racing: the declaration of a “statistical emergency” by Mauricio Macri, the new president of Argentina. Macri’s move enabled Jorge Todesca, head of the statistics bureau, to suspend publication of some basic economic data.
Online shopping is supposed to be a click away from bargains and cheap goods, but this is all a myth, says new research.
A study by the Massachusetts Institute of Technology of 10 countries, including South Africa, has shown that most firms sell their products at the…
The Trump administration has some very optimistic economic targets. It should resist messing with the statistics.
The Soviet Union had a reputation for presenting fake economic statistics to the world, in order to avoid having its dysfunctional system look…
In an average of 72 percent of the cases, there is no price advantage to shop online instead of in the shop – or vice versa. This is the result of a recent study by the Massachusetts Institute of Technology (MIT) after analyzing online and offline prices in ten countries.