| Autor: |
Oleksandr Faryna, Oleksandr Talavera, Tetiana Yukhymenko |
| Jazyk: |
angličtina |
| Rok vydání: |
2018 |
| Předmět: |
|
| Zdroj: |
Visnyk of the National Bank of Ukraine, Iss 243, Pp 21-32 (2018) |
| Druh dokumentu: |
article |
| ISSN: |
2414-987X |
| DOI: |
10.26531/vnbu2018.243.021 |
| Popis: |
This paper examines the associations between online price indexes and official statistics. First, we generate online CPI component sub-indexes, which are later aggregated to an Online Price CPI. This approach is applied to our unique dataset which contains about 3 million observations of online retail prices for consumer goods in Ukraine’s five largest cities. The data span over the period 2016m1 – 2017m12 and cover about 46% of Ukraine’s Consumer Price Inflation basket. We find that online inflation is generally consistent with official estimates, but the matching capability varies across sub-indexes. Although the differences can partially be explained by poor dataset coverage, we find that online prices may indeed represent new information that is not captured by official statistics. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
|
