Can inflation be better measured with big data?: Jakarta Post contributors

People trade at a traditional market in Jakarta on Feb 7, 2022. - AFP

JAKARTA (The Jakarta Post/Asia News Network): Inflation is one of the most important anchor indicators, particularly in emerging economies where consumption is predominantly spending on food.

Consequently, increasing prices might directly oppress those in the lower-income bracket forcing them to tighten their belts and crimp spending on other household spending resulting in slower economic growth.