State Street Corporation (NYSE: STT) has acquired PriceStats, a global leader in daily inflation analytics derived from digitally-sourced prices across millions of consumer products.
Founded in 2011, PriceStats collects price data from more than 1,500 retailers worldwide, offering real-time insights into inflation trends and purchasing power that complement traditional government indicators. Its proprietary methodology has served as a key component of the State Street Markets research platform for over a decade and is widely used by institutional investors, economists, and central banks.
Through this acquisition, State Street plans to develop new proprietary data products aimed at accelerating investment decision-making and enhancing inflation analysis capabilities for its clients.
PriceStats will become part of State Street Data Intelligence, which provides clients with proprietary data and insights to better inform investment decision making. In addition to PriceStats’ inflation measures, the Data Intelligence suite also includes the State Street Private Capital Indices, a suite of benchmarks and analytics derived from more than $6 trillion in proprietary data covering private equity and private credit designed to support the construction and benchmarking of private equity and credit portfolios.
“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,” said Will Kinlaw, head of State Street Data Intelligence. “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.”
“Inflation has recently become a key challenge for many economies around the world,” said Pilar Iglesias, co-founder of PriceStats. “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.”
PriceStats co-founder Alberto Cavallo, the Thomas S. Murphy Professor of Business Administration at Harvard Business School, will remain as an academic partner of State Street Associates, State Street’s longstanding institute for partnerships with leading academics. He will also partner with State Street to develop additional products focused on high-speed measurement of the real economy.
