Open source research

UICPIUnified Independent-Chain Price Index

A real-time restaurant price index extending the MIT Billion Prices Project to chain restaurants and independent hawker stalls across 10 countries. Tests whether food service prices lead official CPI as an early inflation signal — and finds they do in the US, with a 1-month lead (p = 0.0499).

10

Countries

102,499

Price Observations

198

Index-Months

1 / 10

Granger Significant

Country Dashboard

Click any country for full chart

Country Coverage

Granger significantData collection ongoing

What is UICPI?

The Unified Independent-Chain Price Index tracks restaurant menu prices across chain restaurants and independent hawker stalls / street vendors in 10 countries, testing whether they lead official CPI readings.

Why it matters

In developing economies, street food represents 40–65% of household food expenditure but is entirely absent from all existing alternative price indices, including the MIT Billion Prices Project.

Data status

Collection began 2018. Full monthly time-series pending — current dataset has 102,499 price observations. Granger causality testing requires ≥24 monthly observations per country.