State Street (STT) Monday announced that it has acquired PriceStats, its longtime partner and provider of daily inflation data sourced from millions of online product prices worldwide.
The financial details of the deal were not disclosed.
The company will become a part of State Street Data Intelligence, which creates its own economic indicators. According to State Street, the agreement will hasten the release of new high-frequency indicators of employment, prices, and other factors.
Alberto Cavallo, a co-founder of PriceStats, will remain an academic partner.
STT is currently trading at $118.69 up $0.39 or 0.33 percent on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.