This dataset provides the Consumer Price Index* (CPI) for all countries worldwide and all types of goods for 2022**, updated daily. It includes the CPI value for specific dates and with certain shifts (e.g., 1 month, 6 months, etc.). This data can be used for various machine learning tasks, as it can be joined by two keys: country code and date. Utilizing this dataset may enhance the precision of tasks such as demand forecasting and customers behavioural analytics.
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*Inflation measured by consumer price index (CPI) is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. Inflation is measured in terms of the annual growth rate and in index, 2015 base year with a breakdown for food, energy and total excluding food and energy. Inflation measures the erosion of living standards. A consumer price index is estimated as a series of summary measures of the period-to-period proportional change in the prices of a fixed set of consumer goods and services of constant quantity and characteristics, acquired, used or paid for by the reference population. Each summary measure is constructed as a weighted average of a large number of elementary aggregate indices. Each of the elementary aggregate indices is estimated using a sample of prices for a defined set of goods and services obtained in, or by residents of, a specific region from a given set of outlets or other sources of consumption goods and services.
** To access the data from 2000 to the present, use the Upgini data search engine.