Truflation Introduces Real-Time Inflation Calculator for India

Truflation Expands Its Big Mac Index to 15 New Countries

Truflation’s inflation calculator arrives in India

Truflation, known for its real-time financial data services, has introduced the India Inflation Calculator. Powered by blockchain technology and its native token, TRUF, the platform offers an independent and transparent view of inflation by utilizing blockchain technology to monitor price changes across multiple sectors, including housing, food, energy, and transportation. With this launch, Indian consumers and businesses gain access to independent inflation data, offering a fresh perspective on how inflation impacts daily living costs.

The calculator tracks millions of price points, offering users insights into the true cost of living. By inputting their income and expenditures, individuals can also calculate their personal inflation rate. This personalized feature delivers real-time insights into how inflation affects purchasing power and financial stability.

Truflation CEO Stefan Rust highlighted India’s economic significance:

“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.”

Data-backed insights for inflation tracking

At the core of Truflation’s service is a data aggregation process that draws from over 20 million data points, sourced from more than 80 providers. This extensive data pool ensures accurate and relevant insights into inflation’s various components. The blockchain-powered infrastructure and decentralized oracles allow for real-time updates, positioning the tool as a transparent alternative to traditional inflation metrics.

Truflation updates its inflation data 30 times faster than conventional tools, offering daily updates. Users can leverage the India Index, slated to launch on November 9th, 2024, to track changes across different categories of household expenditure, helping individuals and investors better manage inflation-related risks. This index represents another key step in Truflation’s ongoing effort to deliver independent, real-time economic data to emerging markets globally. 

The bottom line

With India emerging as a major global economy, the launch of the Truflation Inflation Calculator marks a significant step in providing essential financial insights. By offering real-time, transparent data, Truflation helps businesses, consumers, and policymakers navigate the complexities of inflation, making informed financial decisions easier. Feel free to explore all the other features that Truflation has to offer on their website.

Are you worried about losing money to inflation? Read our article on some of the worst investments you can make during inflation, which also outlines the best investment options to preserve your money.