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The Billion Prices Project Thinks Inflation May Have Turned a Sharp Corner | WSJ

Merchandise sits in containers at an Amazon fulfillment center this year in Tracy, Calif. As shopping increasingly takes place online, many price changes happen on the Internet, not in stores. Getty Images

One of the biggest economic questions facing the U.S. economy in 2015 is this: Will measures of inflation veer into deflationary territory, or will prices firm?

The Billion Prices Project, which scrapes the Internet daily to capture changing prices online and has often foreshadowed subsequent changes in official price indexes, shows a sharp turn upward in measures of inflation, albeit from a low starting point.

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The Billion Prices Project Thinks Inflation May Have Turned a Sharp Corner.

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