We study how millions of granular and weekly household scanner data combined with machine learning can help to improve the real-time nowcast of German inflation. Our nowcasting exercise targets three hierarchy levels of inflation: individual products, product groups, and headline inflation. At...

Economic indicators provide important information for the evaluation of the state of the economy of a country and they are used for business cycle analysis. Timeliness of the indicators is of fundamental interest for analysts of government authorities, national banks, politicians or economic...

We study how millions of granular and weekly household scanner data combined with machine learning can help to improve the real-time nowcast of German inflation. Our nowcasting exercise targets three hierarchy levels of inflation: individual products, product groups, and headline inflation. At...