The search giant may use its vast database of Web-shopping data to construct a daily measure of inflation called the Google Price Index, or GPI. It can be calculated much quicker than the official CPI, but it covers only what can be sold on the Web.
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What’s Missing From Google’s Proposed Inflation Index originally appeared on DailyFinance on Tue, 12 Oct 2010 09:15:00.
Filed Under: Company News, Economy, Google