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The daily price index is a measure of the inflation of a specific country and it is created by the Billion Prices Project.
The Billion Prices Project is an academic initiative that gathers prices from several online retailers on a daily basis and then uses this data to perform economic research and to calculate the daily price indexes. Prices from online retailers cover several types of products. The data used in the daily price indexes calculation is obtained from about 300 online retailers in 70 different countries and it covers about 5 million items. The daily online index is an average of the item prices (for a specific country).
The daily price index is computed for the following countries: Argentina, Australia, Brazil, Chile, Colombia, France, Italy, Russia, Turkey, USA, and Venezuela. The index purpose is to provide real-time information on inflation trends. It was not designed to predict official inflation numbers.
The historical EOD data is available for a period that starts on January 2008 (for the United States). You can specify the countries for which you want to download the daily online price index data in the "Country" tab. After you open the downloader, select "Country" tab, then type one country per line. You can get data for the eleven countries that were listed above.
