Unlike most comparable international practice, our methodology is based not only on prices for online shopping, but on all relevant information on prices. Namely, most other inflation nowcasting methods, described in the relevant papers, mainly give a partial inflation estimate (nowcasting only individual CPI components, primarily food), while our model provides for a comprehensive inflation nowcast in real time.
I am proud to always point out that we were among the first in the world to introduce the instant payment system, as the most perfect payment method that currently exists. Recently, we recorded a record number of transactions performed in one day – as many as 360,741 transactions.