Alternative data specialist QuantCube Technology has launched QuantCube CPI nowcast indicators for Brazil and China. The new indicators, which quantify the Consumer Price Index at a country level in real-time, are available on the QuantCube Macroeconomic Intelligence Platform.Â
Alternative data specialist QuantCube Technology has launched QuantCube CPI nowcast indicators for Brazil and China. The new indicators, which quantify the Consumer Price Index at a country level in real-time, are available on the QuantCube Macroeconomic Intelligence Platform (MIP).
The launch of these new indicators forms part of a planned expansion of QuantCube’s CPI nowcasts for both emerging and developed economies.
With updates delivered daily, the new indicators will give traders and investors insights on inflationary trends in Brazil and China ahead of official CPI numbers which are published on a monthly basis with a time lag. QuantCube’s indicators demonstrate a strong correlation of up to 99% with official consumer price data.
To construct the new CPI indicators the QuantCube team leveraged the proven methodology and bottom-up approach created for other developed countries – collecting frequently-published alternative data on the key subcomponents of CPI – and applied different weightings to this data, based on the specific consumption patterns of each country.
Further countries will be added to QuantCube’s CPI nowcasts over the next quarter.
