State Street has acquired PriceStats, a firm specializing in inflation analytics. PriceStats has been part of State Street's Markets research platform since 2011 and will now be integrated into State Street Data Intelligence. This suite includes the State Street Private Capital Indices, which rely on over $6 trillion in proprietary private equity and credit data to aid in portfolio construction and performance measurement. Will Kinlaw, head of State Street Data Intelligence, emphasized the growing need for real-time economic data, especially amid fluctuating inflation rates. With PriceStats on board, State Street plans to introduce advanced, low-latency economic indicators that will focus on crucial metrics like prices and employment. PriceStats' co-founder, Cavallo, who also teaches at Harvard Business School, will remain involved as an academic partner, collaborating on new products aimed at rapid measurement of economic activity. State Street, managing $5.4 trillion in assets and employing around 52,000 globally, has been actively investing in various fintech companies, enhancing its capabilities and market reach. The future role of PriceStats' CEO, Iglesias, remains unclear after the acquisition.