Saturday, April 16, 2011

MIT's Daily Price Index Continues to Soar

MIT's Billion Prices Project indicates that there is no stopping price inflation. BPP tracks online prices which are updated every day. Millions of individual items are tracked, including prices from online supermarkets, electronics, apparel, furniture and real estate web sites.

Here's the latest. The red line is the BPP, the blue line is the government's CPI index. The period shown is from July 1, 2008 to April 13, 2011. According to BPP data, prices bottomed (12-14-08), almost three months to the day that Bernenke started printing money like a mad man in response to the financial crisis. As you can see prices haven't stopped climbing since (though the rate of climb varies) :


  1. Are you telling me that CPI is showing a higher rate that the BPP? Time to adjust the numbers...