“Another way to keep an eye on inflation is with MIT’s Billion Prices Project (previous post) which tracks prices in real-time by grabbing them from websites. By checking on 50,000+ different prices daily covering everything from prescription drugs to clothing to real estate, this alternative inflation measurement has the potential to keep governments “honest” with their numbers. Over the past five years, the two indexes have actually tracked relatively closely. Just recently, the two are diverging a bit; BPP is showing a little over 2% inflation as opposed to 1.5% from CPI.”
http://www.mymoneyblog.com/inflation-cpi-vs-bpp.html
Related posts:
Why You Shouldn’t Write Off BitCoin Just Yet
Cop Misses Unarmed Woman, Shoots 6-Year-Old Boy Dead Instead
A five-story vending machine for cars just opened in Nashville
G. Edward Griffin on Bitcoin & The Federal Reserve
How You Can Distinguish Fake News from Real News
NSA/GCHQ: The HACIENDA Program for Internet Colonization
America's Housing "Recovery": Wall St. Buying Homes to Rent Back to Their Former Owners
Bill to re-legalize cell phone unlocking passes House, but with caveat
Stewardess first to book $250k Virgin Galactic 'space trip' with BITCOINS
An American Energy Revolution
How one site beat back botnets, spammers, and the “4chan party van”
Iraq War Anniversary: Birth Defects And Cancer Rates At Devastating High In Basra And Fallujah
Who actually develops Linux? The answer might surprise you
'Florida's Dirtiest Cop' Charged With Kidnapping Man Who Wanted To File Brutality Complaint
Pepe Escobar: The Syria-Iran red line show