Want this too?
17 people want a website that tracks *true* consumer price inflation by allowing consumers to input and aggregate their personal purchases receipt data.
Consumer price inflation figures would be more accurate if they were gathered at the grassroots level and tracked locally (and also graphed over time in a granular way).
If I went grocery shopping today for strawberries and then went home and put that cost (per lbs) into a date stamped database along with my location, this info could be aggregated with the data from others and we could then track *real* price changes for goods across time and geography.
You could require a photo or scan of the receipt the data came from in order to ensure accuracy, and users could police the data in a wikipedia-like way.
Crowd-sourcing actual price data from actual consumers would give us highly valuable spatiotemporal data.
It would also make government bean-counters irrelevant.
If I went grocery shopping today for strawberries and then went home and put that cost (per lbs) into a date stamped database along with my location, this info could be aggregated with the data from others and we could then track *real* price changes for goods across time and geography.
You could require a photo or scan of the receipt the data came from in order to ensure accuracy, and users could police the data in a wikipedia-like way.
Crowd-sourcing actual price data from actual consumers would give us highly valuable spatiotemporal data.
It would also make government bean-counters irrelevant.
Keywords: inflation, economics, crowdsourcing, apps, data, consumer prices
Categories: Games & Apps, Inventions, Technology, Internet & Websites
Categories: Games & Apps, Inventions, Technology, Internet & Websites
Started: 15 Jun 2011
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