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Monday, February 06, 2023
Saltedge Report

QuantCube Launches CPI Indicators for Brazil and China

Alternative data specialist QuantCube Technology today announced the availability of QuantCube CPI nowcast indicators for Brazil and China. The new indicators, which quantify the Consumer Price Index at a country level in real-time, are available on the QuantCube Macroeconomic Intelligence Platform (MIP). The launch of these new indicators forms part of a planned expansion of QuantCube’s CPI nowcasts for both emerging and developed economies.

With updates delivered daily, the new indicators will give traders and investors crucial insights on inflationary trends in Brazil and China ahead of official CPI numbers which are published on a monthly basis with a time lag. QuantCube’s indicators demonstrate a strong correlation of up to 99% with official consumer price data.

To construct the new CPI indicators the QuantCube team leveraged the proven methodology and bottom-up approach created for other developed countries – collecting frequently-published alternative data on the key subcomponents of CPI – and applied different weightings to this data, based on the specific consumption patterns of each country.

QuantCube’s CPI indicator calculations for China and Brazil incorporate two specific observations:

  • Food and tobacco, together with transport-related prices such as motor fuels, best explain the dynamics of inflation in China;
  • Transport prices, especially motor fuels and public transport, and essential food prices for items such as vegetables and meat are the key factors driving CPI in Brazil.

“The launch of these new CPI indicators for Brazil and China is part of our plan to expand our coverage of emerging markets and to provide real-time insights on the outlook for inflation in countries where accurate assessment of economic conditions has historically been challenging,” explained Thanh-Long Huynh, CEO and Co- Founder, QuantCube Technology.

“Using these new CPI indicators for Brazil and China, investors can gain a significant competitive edge to generate additional alpha in currency hedging and fixed income strategies. Once combined with QuantCube’s other indicators such as GDP nowcasts, these indicators can also help determine the current macroeconomic regime effectively and can be used to guide asset rotation and inform other, more complex investment strategies.”

Further countries will be added to QuantCube’s CPI nowcasts over the next quarter.

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