TurkStat Will Also Check Internet Prices in Calculating Inflation

According to the details shared today, the Turkish Statistical Institute (TUIK) will now take a new item into account when calculating inflation. According to the information obtained by the AA correspondent from TURKSTAT, the institution is now The internet price of some products whose sales are increasing day by day over the internet. will also be taken into account in the inflation calculation.

According to the information conveyed by TURKSTAT, while the purchase of goods and services over the internet is becoming more common day by day, it is important that statistical offices do not ignore this rich data source. It was stated in the statement that it became necessary to integrate internet prices into the CPI. how to get data was also explained.

Some criteria will be considered on the websites where data will be collected:

By integrating internet prices into the CPI, the frequency of data collection in statistics production higher and larger volume targeted specified. While it is thought that the data in question offers a great opportunity to improve the existing structure and obtain new variables, the data data scraping It was stated that it would be taken with

It is also for the selection of the appropriate website for the implementation of the data scraping method, which ensures that data is compiled from a web source at any time. looking for some criteria. Elements of this site such as representation, volume, content source, sustainability, technical specifications, metadata and target variables are looked at.

Data flow will be provided on a daily basis:

With the help of this method, TURKSTAT can determine the prices of white goods, electronic products, furniture, first-hand cars and buses. As of 2022 It has been announced that the prices compiled over the internet will be used in index calculations. It was stated that the prices of the products will be followed throughout the year, so that the price developments of the products of the same quality will be reflected in the index calculations. In this context about 20k price per month is specified.

Daily data flow of product prices adapted to the new system will be provided, analyzed and used in index calculations at the end of the price compilation period, together with barcode and field data, which are other data collection methods. compiled under the CPI 40-45% of monthly priceswill consist of prices obtained by scraping barcodes and data from the internet.