In a nutshell
The data measure the direction and volume of inflation news.
We have run millions of news articles in multiple languages through specially designed state-of-the-art Natural Language Processing models.
The NIPI, the main measure, shows how positive or negative the news are to the near-term inflation outlook, with a breakdown by country and sector. It reads like a PMI, with 50 signalling balanced volumes of positive and negative news.
Use cases
- Inflation forecast
- Asset prices modelling and trading: interest rates, currencies, cross assets
- Macro risks monitoring
* Chinese, English, French, German, Italian, Japanese and Spanish
Country coverage
Developed economies:
- United States
- Canada
- Euro area, Austria*, Germany, France, Ireland*, Italy, Spain
- Switzerland*
- United Kingdom
- Japan
- Australia
Emerging economies:
- China
- Malaysia*
- Philippines*
- India
- Mexico
- Argentina
- Chile*
- Colombia*
- Peru
- Nigeria*
- South Africa
Sector coverage
Inflation:
- Headline
- Core
- Energy and utilities
- Food
- Telecom services*
Other:
- Wages*
- Combined Inflation and Wages news*
Time series
History start: 1/1/2018
Frequency: daily
Release time: 10am CET for the previous day
See also
Inflation NewsBot: state-of-the-art Natural Language Processing detecting inflation news
Databases
- The News Inflationary Pressures Indices (NIPI) measure the relative balance of positive and negative inflation news (50 = neutral and above 50 = positive).
- The News Volume Indices (NVI) measure the total volume of inflation news.
- The Entropy database provides sector level sum of probabilities of the news being positive, negative or neutral.
Release versions
- First live commercial release (English news only): 15-Nov-2020
- Model revision since: None
- Time series revision: None
