In a quiet revolution, the government is using big data to assess a shifting economy and inflation—with implications for policy
A U.S. inflation report released in April offered an early look at a quiet revolution taking place in the way government statisticians are tracking the economy.
Instead of sending people out to stores to check prices, as it has done for decades, the Labor Department’s Bureau of Labor Statistics gathered data for the price of apparel directly from a big department store.
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