QuantCube launches Core CPI indicator for US market
Press Release
QuantCube introduces US Core CPI nowcast
Real-time nowcast indicator provides crucial insights into core inflation trends
Paris, 28 March 2023 – Alternative data analytics firm QuantCube Technology today announced the availability of the QuantCube Core CPI Nowcast indicator for the US economy. The new indicator quantifies core inflation by measuring changes in the prices of goods and services. It excludes the food and energy components included in the broader Consumer Price Index, which are generally more volatile. The QuantCube Core CPI Nowcast indicator is designed to provide a clear picture of long-term inflation trends in the US. The indicator provides crucial real-time insights on core inflation significantly ahead of official numbers published monthly.
“Everyone is keen to understand long-term inflationary trends to quantify the impact on the economy and investable assets. The QuantCube Core CPI nowcast indicator addresses this need by providing an accurate real-time view of core inflation that strips out volatile components like food and energy prices, which can mask underlying trends,” explained Thanh-Long Huynh, CEO and Co- Founder, QuantCube Technology. “This new indicator will give traders and investors the added granularity they are looking for in helping them understand the impact of different components on headline inflation, providing valuable insights which they can apply to their investment strategies.”
The QuantCube team applied a fundamental approach to construct the new core CPI indicator – collecting and analysing high volumes of frequently-published alternative data on the prices of goods and services. QuantCube’s approach is unique in analysing real prices, not market sentiment. Users of QuantCube’s Macroeconomic Intelligence Platform (MIP), will benefit from the ability to see real-time data from QuantCube for both headline CPI and core CPI – and a breakdown by component. As well as tracking variations in core inflation against the standard CPI price level, users will also be able to view variations year on year and month on month.
About QuantCube Technology
QuantCube Technology uses artificial intelligence and big data analytics to deliver real-time macro-economic insights. The firm operates one of the largest alternative data lakes in the world, processing more than 15 billion data end points. Sources encompass news, social media, satellite data, professional networks and consumer reviews, as well as international trade, shipping, real-estate, hospitality and telecoms data.
QuantCube’s macro nowcast indices, on variables including economic growth, inflation, employment and international trade, correlate highly with official data and significantly beat the consensus. Financial institutions using QuantCube data benefit from real-time insight, often ahead of official numbers, which they can use to inform their investment strategies.
Headquartered in Paris, QuantCube employs a diverse international team of data scientists with expertise in multilingual NLP, deep learning and machine learning techniques. The company’s shareholders include Moody’s and Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun Council. QuantCube’s R&D in computer vision has been partially funded by the European Space Agency (ESA) and French government space agency CNES.
