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The Wall Street Journal – “Oil Is Dragging Down Prices Faster Than Official Price Index Can Capture” – The Billion Prices Project

The Wall Street Journal – “Oil Is Dragging Down Prices Faster Than Official Price Index Can Capture”

onsumer prices around the world are pulling back so rapidly, along with the collapse of oil prices, that official measures of inflation have yet to capture the magnitude of the decline. But the Billion Prices Project, which scrapes the Internet daily to capture changing prices online, is recording a significant and broadening plunge in consumer prices.

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