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Big Data and New Tools to Track Inflation in Real-Time

The Banque de France GVE Data Science Group and the OECD Innovation LAB held their annual conference, on June 28, 2022. With the rapid pick-up in inflation in recent months, this conference aimed to bring together recent research using big data and new tools on ways to track and understand inflation in real-time. These offer the potential to track price developments in a more timely, granular, accurate and higher frequency way than existing sources, providing new insights on inflation and pricing behaviour.

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