<p>Quoting Google Chief Economist Hal Varian Financial Times said Google Price Index (GPI) was work in progress and the company had not yet decided whether to publish it.<br /><br />The report noted that the official Consumer Price Index (CPI) data are collected by hand from shops, and only published monthly with a time lag of several weeks.<br /><br />“... the GPI is not a direct replacement for CPI because the mix of goods that are sold on the web is different to the mix in the wider economy,” Varian said.</p>
<p>Quoting Google Chief Economist Hal Varian Financial Times said Google Price Index (GPI) was work in progress and the company had not yet decided whether to publish it.<br /><br />The report noted that the official Consumer Price Index (CPI) data are collected by hand from shops, and only published monthly with a time lag of several weeks.<br /><br />“... the GPI is not a direct replacement for CPI because the mix of goods that are sold on the web is different to the mix in the wider economy,” Varian said.</p>