Truflation Launches Independent Inflation Tracker with Levitate Labs Partnership for India
The introduction of the India Inflation Tracker has been announced by Truflation, a world leader in real-time financial data. The tool provides an alternative to conventional measures by giving Indian companies and consumers an unbiased, transparent, real-time picture of inflation.
Truflation has teamed up with Indian web3 accelerator Levitate Labs to provide trustworthy, up-to-date India consumer price index (CPI) data in order to facilitate its deployment. In order to help government, politicians, enterprises, and individuals navigate the complexity of an inflationary climate, the partnership will support Truflations efforts to provide vital insights.
In order to assist Web3 firms develop, grow, and thrive in a variety of regions, including India, Levitate Labs is a reliable partner that offers growth stage funding, mentorship, and international connections.
In order to make wise financial choices, Indians now need accurate, up-to-date inflation statistics more than ever before due to the consumer price indexs (CPI) recent volatility. To meet this demand, Truflation created the India Inflation Index in partnership with Levitate Labs and other regional organizations, guaranteeing accuracy and openness. However, the data is still independently updated and validated, maintaining its neutrality and integrity.
Compared to the conventional 80,000 data points, Truflations technique provides a revolutionary way to measuring inflation by using nearly 30 million data points for unmatched depth. Using decentralized oracles and blockchain technology, its indexes are updated 30 times quicker than traditional tools, and its daily reporting puts customers ahead of market movements. Truflation sets a new benchmark for economic data reporting by guaranteeing precise, up-to-date statistics in a variety of industries, including housing.
In addition to its current calculators, Truflations collection of inflation dashboards lets businesses and consumers access real-time economic data that has been sorted by market, type, and nation.
Dive Deeper
Requests for greater worldwide coverage have been sparked by Truflations success with its US inflation index and UK inflation index. There was a lot of excitement about the recent introduction of the Argentina Index at the Argentine Tech Forum, and talks are in progress with the Milei administration to increase Truflations presence there. Given that the US economy is sometimes referred to as the global reserve economy and has an impact on global economic circumstances, the US Inflation Index is very important. A crucial economic indicator for the region, the UK Inflation Index provides a detailed look at one of the oldest commercial centers while juggling its distinct stance between economic independence and European integration.
Truflations India Index measures millions of price points on products and services across key household spending categories including housing, food, transportation, and energy utilizing decentralized oracles and blockchain-powered infrastructure. Indian families actual cost of living is reflected in this extensive information. Additionally, by diversifying their portfolios into inflation-linked assets, investors may use this data to hedge against inflation and take advantage of both strategic opportunities and actionable insights.
Stefan Rust, CEO of Truflation stated:
Indias economic dynamism and growing middle class make it an essential market for accurate, real-time inflation data. With Truflations independent indices, we aim to empower Indian consumers and businesses to make better financial decisions.
Sankalp Pandey, CGO of Levitate Labs, stated:
Partnering with Truflation represents a pivotal move in advancing the on-chain ecosystem in India. We aim to equip developers and startups with the tools to build transformative solutions, driving innovation and entrepreneurship within the Web3 landscape.
In order to give crucial business insight about inflation and its constituent parts, Truflations indexes are based on market pricing data gathered from more than 80 data sources, totaling more than 30 million data points. In order to help the government, policymakers, enterprises, and individuals navigate the intricacies of an inflationary climate, this real-time data offers clear economic measurements and real-time inflation indices.
Key Features:
- 30x Faster: Unlike conventional tools, Truflation refreshes inflation data every day.
- Large Data: Using more than 30 million data points from more than 80 vendors to create a thorough picture.
- Transparent Algorithms: Open-source measurements provide unbiased information.
- Real-World Focus: Evaluates living expenditures such as housing, food, electricity, and transportation.
The Truflation Index is in a good position to provide vital information that will help the government, policymakers, companies, and individuals navigate the complexity of an inflationary climate, especially as India is quickly becoming one of the greatest economies in the world.
Prior to this, Truflation introduced a Personal Inflation Calculator that allows users to determine their own personal inflation by entering their monthly income and spending. This tool gives users real-time information on how inflation is impacting their buying power and financial security. and the Index is scheduled to debut in November, representing yet another important turning point in Truflations objective to provide impartial, up-to-date economic statistics to developing countries throughout the globe.
Truflation seeks to rebuild confidence and provide trustworthy statistics for financial planning and decision-making by offering transparent and impartial data. Its India dashboards provide accurate economic statistics and give residents useful tools for budgeting and money management in one of the most inflation-stricken nations in the world.
With its real-time, decentralized financial data across many industries, Truflation is leading the data revolution. Truflations platform, which records over 30 million products with more than 80 data providers, is dedicated to accuracy and openness. Truflation is democratizing access to vital financial data by putting it on-chain, enabling users to make better, more informed choices instantly.
Go to https://truflation.com/calculator?country=IN to see the calculator.
Go to the Truflation website to learn more.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
