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We're thrilled to share that our NIPI database has expanded significantly, growing from 15 countries to 23! This marks an important step in our commitment to providing comprehensive and timely inflation data worldwide.
The NIPI (News-based Inflation Pressure Index) is a diffusion index designed to capture the balance of positive and negative inflation news. It processes information daily from hundreds of thousands of news sources across multiple languages, using state-of-the-art Language Models.
Launched in 2020 with data covering a select few countries, NIPI has proven its reliability over time. Throughout turbulent economic periods, it successfully tracked the ebb and flow of inflationary pressures.
The database provides historical data starting from January 1, 2018 for all countries, including the newly added ones.
The 8 new countries span multiple continents:
- Austria
- Ireland
- Switzerland
- Malaysia
- Philippines
- Chile
- Colombia
- Nigeria
The new NIPIs can also be referred to as early inflation turning point indicators, as previously identified in the US and the Euro area. See, for instance, Switzerland NIPI and CPI:
This expansion enhances our ability to deliver accurate and up-to-date inflation analysis, supporting businesses, policymakers, and analysts who rely on timely inflation intelligence.
Additional resources
- NIPI reference page
- The NIPI as an inflation leading indicator: what statistical evidence? , Blog Post, 2024
- Main blog page
Request a demo or trial: here.
