Part of the Challenge is to decide as a team what you want to look at and where to draw the line to avoid information overload. Faced with potentially hundreds of different data series on the economy, you will need to prioritise your effort and choose a focus. At all times you will need to ask yourself how a piece of information influences your view of current and future economic conditions. And you need to ask and decide how it influences your judgment about inflation. Data on money, consumer spending, exports, jobs, wages, investment or output all need to be considered with that in mind.
Information has to be pieced together to give a picture of the economy as a whole.