- Summary:
- Truflation's India Index will track millions of price points across categories such as housing, food, transportation, and energy.
Truflation, a global leader in real-time financial data, announces the launch of the India Inflation Calculator. This tool offers Indian consumers and businesses an independent, transparent, real-time view of inflation, providing an alternative to traditional metrics.
Powered by blockchain technology and decentralized oracles, the India Index will track millions of price points across categories such as housing, food, transportation, and energy, reflecting the true cost of living. Users can calculate their personal inflation by inputting monthly salaries and expenses, offering real-time insights into how inflation impacts purchasing power.
“India’s economic dynamism, paired with its growing middle class, makes it an essential market for accurate, real-time inflation data. With Truflation’s independent indices, we aim to empower Indian consumers and businesses to make better financial decisions.” Says Stefan Rust, CEO of Truflation.
Truflation’s indexes are based on market price data collected from 80+ data providers, comprising 20+ million data points to deliver essential business intelligence around inflation and its underlying components. This real-time data provides transparent economic metrics and real-time inflation indices that will assist government, policymakers, businesses, and citizens in navigating the complexities of an inflationary environment.
Personal Inflation Calculator – Individuals can calculate their personal inflation by inputting monthly salaries and expenses, providing real-time insights into how inflation is affecting their purchasing power and financial stability.
Inflation Index – Leveraging its blockchain-powered infrastructure and decentralized oracles, Truflation’s India Index will track millions of price points on goods and services across all categories that affect Indian household expenditure including housing, food, transportation, energy etc. reflecting the true cost of living. Investors can use the data to hedge against inflation by diversifying portfolios into inflation-linked assets.
Key Features:
- 30x Faster: Truflation updates inflation data daily, compared to traditional tools.
- Extensive Data: Leveraging over 20 million data points from 80 + providers for a comprehensive view.
- Transparent Algorithms: Open-source metrics deliver unbiased insights.
- Real-World Focus: Measures the cost-of-living expenses, including housing, food, transportation, energy etc.
With India emerging as one of the world’s largest economies, the Truflation Index is well-positioned to provide crucial insights that will assist government, policymakers, businesses, and citizens in navigating the complexities of an inflationary environment.
The India Inflation calculator is now live and the Index is slated for launch November 9th, 2024, marking another significant milestone in Truflation’s mission to bring independent, real-time economic data to emerging markets worldwide.
To view the calculator, visit: https://truflation.com/calculator?country=IN
About Truflation
Truflation is at the forefront of the data revolution, offering real-time, decentralized financial data across multiple sectors. With a commitment to transparency and accuracy, Truflation’s platform tracks over 20 million items with more than 80+ data providers. By bringing data on-chain, Truflation is democratizing access to critical financial information, empowering users to make better, more informed decisions in real-time.