Purchasing power parity systems and methods

A computer-implemented purchasing power parity (PPP) system for calculating a PPP rating comprising:

• a parity rating (PR) computing device for calculating a purchasing power parity (PPP) rating, the PR computing device comprising at least one processor in communication with at least one memory, said at least one processor configured to:
• store, within the at least one memory, electronic transaction data including a purchase amount, a purchase location, and item level data, the electronic transaction data retrieved from a payment network that processes electronic transaction data;
• receive, from an input user device, a request for a PPP rating that includes a first geographic region and a second geographic region;
• receive an input time period from the input user device;
• retrieve, from the electronic transaction data stored within the at least one memory, first item data for the first geographic region during the input time period, and second item data for the second geographic region during the input time period;
• compare the first item data to the second item data;
• and
• calculate the PPP rating for the first geographic region based on the comparison.

A computer-implemented method for calculating a purchasing power parity (PPP) rating, said method implemented using a parity rating (PR) computing device including a processor in communication with a memory, said method comprising:

• storing, within the memory, electronic transaction data including a purchase amount, a purchase location, and item level data, the electronic transaction data retrieved from a payment network that processes electronic transaction data;
• receiving, from an input user device, a request for a PPP rating that includes a first geographic region and a second geographic region;
• receiving an input time period from the input user device;
• retrieving, from the electronic transaction data stored within the memory, first item data for the first geographic region during the input time period, and second item data for the second geographic region during the input time period;
• comparing the first item data to the second item data;
• and
• calculating the PPP rating for the first geographic region based on the comparison.