State Street announced the acquisition of PriceStats, a long-standing partner and a global leader in daily inflation measurement derived from online retail prices. The acquisition is intended to strengthen State Street’s ability to provide near real-time inflation indicators and advanced economic analytics for institutional investors, economists, and central banks.
Founded in 2011, PriceStats collects digital pricing data from millions of consumer products sold by over 1,500 retailers worldwide. Its methodology provides daily insight into inflation trends and shifting purchasing power across global markets, complementing official government economic data. The PriceStats platform has been part of State Street Markets’ research offering since its inception and is widely utilized across the financial and policymaking ecosystems.
Following the acquisition, PriceStats will operate within State Street Data Intelligence, the firm’s proprietary analytics and data insights division. This group also includes the State Street Private Capital Indices, which leverage more than $6 trillion in private market data to support the construction and benchmarking of private equity and private credit portfolios. State Street plans to expand the suite of indicators available to clients using PriceStats’ methodology, with additional real-time signals tied to prices, employment, and broader economic activity.
The company has acknowledged the heightened relevance of inflation measurement in recent years, as global markets have experienced pricing volatility and shifting macroeconomic conditions. The acquisition enables State Street to accelerate the development of new low-latency economic indicators designed for investment decision-making in changing market environments.
PriceStats co-founder Alberto Cavallo, a professor at Harvard Business School, will continue to collaborate with State Street as an academic partner to support product development related to the high-frequency measurement of economic activity.
The acquisition marks a milestone in the relationship between the two organizations, deepening a partnership focused on combining academic research, proprietary technology, and institutional-scale data for global markets.
KEY QUOTES:
“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. 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.”
Will Kinlaw, Head of State Street Data Intelligence
“Inflation has recently become a key challenge for many economies around the world. 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.”
Pilar Iglesias, Co-Founder of PriceStats
