Google Inc. is constructing an
inflation measure that might eventually provide an alternative
to official statistics, using its database of Internet shopping
figures, the Financial Times reported.
In the first half of 2010, the story was that the big emerging economies – India, China and Brazil – were acting as the locomotive for global growth. But during the second half of 2010, there were signs of the United States and Germany joining the party
The rate of Consumer Prices Index (CPI) inflation rose to 4.5%, from 4.4% in July, according to figures from the Office for National Statistics (ONS).
The Retail Prices Index (RPI) measure increased to 5.2% from 5%.
America's central bank announced that it would pump an additional $600bn (£372bn) into the ailing US economy over the next eight months in an attempt to accelerate growth and cut unemployment