State Street Corporation has announced the acquisition of PriceStats, a global leader in inflation analytics that provides daily inflation data derived from millions of online consumer prices. The move deepens State Street’s data-driven research capabilities and enhances its ability to deliver real-time economic insights to institutional investors worldwide.
Founded in 2011, PriceStats collects digital price data from over 1,500 retailers worldwide. This helps track inflation and purchasing power trends more quickly and accurately. Its unique analytics enhance traditional government measures. They are vital for the State Street Markets research platform. This platform is widely used by economists, investors, and central banks.
The acquisition will integrate PriceStats into State Street Data Intelligence, a division focused on developing proprietary datasets and analytics to support smarter investment decision-making. The team’s portfolio already includes the State Street Private Capital Indices, which leverage over $6 trillion in private market data to provide benchmarks and insights into private equity and credit performance.
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“Accurate and actionable measurement of economic activity increasingly requires the collection and analysis of large unstructured data sets. The recent period of rapidly changing inflation has demonstrated the need for near-real-time data, which requires a tech-driven, digital solution,” said Will Kinlaw, Head of State Street Data Intelligence. “The PriceStats platform is best in class and from this strong foundation we will launch a range of advanced, low-latency economic indicators around prices, employment, and other key variables.”
PriceStats co-founder Pilar Iglesias added, “For 15 years, PriceStats has led the way in developing methods that help investors navigate today’s macroeconomic environment with a differentiated approach. Joining State Street is an important milestone for PriceStats and highlights the value of the partnership we have built with State Street over the years.”
Co-founder Alberto Cavallo, a Harvard Business School professor, will stay on as an academic partner with State Street. He will help develop new high-frequency economic indicators.
This acquisition places State Street at the forefront of real-time economic intelligence. It gives clients better insight into global inflation trends and the factors driving market behavior.
