What Opportunities Do New Technologies Bring About for Price Statistics?

Vladimir Bessonov

Russian Journal of Money and Finance, 2021, vol. 80, issue 1, 120-126

Abstract: The paper discusses new opportunities for Russian price statistics that present-day information and communication technologies bring about. The paper is a response to the study Isakov et al. (2021) dedicated to the effort of developing a toolset to build a price quotation database through automated internet data collection and construction of consumer price indexes based on it. Discussed are the potential implications of this activity for price statistics.

Keywords: database; big data; consumer price index; internet; information and communication technologies; corona crisis (search for similar items in EconPapers)
JEL-codes: C43 C80 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bkr:journl:v:80:y:2021:i:1:p:120-126

DOI: 10.31477/rjmf.202101.120

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