New York, New York, October 15th, 2024,
Chainwire
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 in November, 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
For more information, visit Truflation’s
website.
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.
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Contact
Jennifer
Morrison
Jennifer@truflation.com