State Street buys private-sector inflation data provider

Core Insights - State Street Corporation has acquired PriceStats, a private-sector provider of daily inflation statistics, amid challenges facing government economic research [1][9] - The acquisition aims to enhance State Street's research capabilities and provide clients with more granular data on inflation and other economic variables [2][3] Company Strategy - State Street has been partnering with PriceStats since 2011, and the acquisition will allow for greater investment in the platform to improve data offerings [2][3] - The company intends to combine public data with PriceStats' analytics to provide clients with timely and accurate insights into the macroeconomic environment [10][11] Market Context - The acquisition occurs during a period of instability for government economic statistics, particularly due to actions taken by the Trump administration that have undermined trust in data [5][9] - The inability of the Bureau of Labor Statistics (BLS) to conduct monthly inflation surveys due to a government shutdown raises concerns about the reliability of public data [6][8] Client Demand - There is an increasing demand from clients for data-driven insights to gain an investing edge, particularly in the context of rapidly changing economic conditions [4][5] - State Street aims to meet this demand by leveraging PriceStats' platform to help clients stay ahead of market trends [5][11]