Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Who should own the knowledge that underpins AI technology? 
What is Zionism? The different meanings of a contested term 
1 in 3 uni students experience serious financial hardship. Could concession cards for all help? 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
AI is supercharging money scams – here’s what you can do to protect yourself 
China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Add as a preferred source on Google
What is UTokyo Daily Price index?
- UTokyo Daily Price Index project was launched on May 20, 2013 to measure and publish the consumer price inflation rate on a daily basis.
Who created it?
- It was created by Tsutomu Watanabe (University of Tokyo) and Kota Watanabe (Meiji University & University of Tokyo).
Why are we talking about it?
- It is one measure of inflation that is showing rise in prices. According to the latest value suggests price are rising at 1.83% at 1.33% considering one week moving average.
- Bank of Japan's (BOJ) governor Haruhiko Kuroda mentioned about the index in his speech to defend BOJ policy success to reign over deflation.
Advantages of the index -
- UTokyo Daily Price Index is updated every day and provides information on the daily inflation rate with only a three-day lag, compared to official consumer price index, which is published once a month with 30 days lag.
- Coverage is vast as price data collected by Nikkei Inc. from 300 supermarkets all over Japan.
- It excludes the effect of consumption taxes as it is calculated on price before tax.
Disadvantages of the index -
- The products included in the index, covers items like processed foods, beverages, house hold goods etc. while excluding electrical appliances, services, consumer durables etc,
- The goods recorded covers only 17% of official CPI.
