Independent analysts note that missing a full month breaks continuity in the most widely used inflation signal in the United States. Forecasting models lose a key input. The Fed will make its December decision without two consecutive inflation prints.
My assumption is that we should not depend on a single centralized (potentially untrusted) source for something this important.
Private data sources already track groceries, rent, CPG pricing, energy, e-commerce, shipping, and wages in near real time.
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What would it take to build a community-driven, open CPI alternative that is transparent, reproducible, and tamper-resistant?
Some starting points:
* Multiple contributors could publish item-level price feeds (groceries, rent, utilities, services).
* Weighted baskets could be open and versioned.
* Methods could be fixed, auditable, and stable over time.
* Aggregation could be public code using public data where available.
* Licensed private datasets could be added for specific categories.
* Output could be monthly, weekly, or daily depending on the data.
A decentralized CPI would not replace official CPI, but could offer a continuous, independent signal.I'm looking for practical approaches: data sources, weighting schemes, methods, and any existing open projects that are doing this today.