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Truflation is set to launch a powerful new tool for Indian consumers and businesses—an independent, real-time inflation calculator. This innovative platform delivers transparent insights into inflation, enabling users to better understand how rising prices impact their purchasing power and financial decisions.
Truflation, known for providing real-time financial data, is set to launch the India Inflation Calculator. This tool will give Indian consumers and businesses an independent and transparent way to track inflation in real time, offering an alternative to traditional measures.
The India Index, powered by blockchain technology and decentralized oracles, will monitor millions of price points across sectors like housing, food, transportation, and energy to provide an accurate reflection of the cost of living. By inputting their monthly income and expenses, users can calculate how inflation directly affects their 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 built on data gathered from over 80 sources, representing more than 20 million data points. This comprehensive data enables businesses, policymakers, and citizens to gain deeper insights into inflation trends and how they affect the economy. The real-time nature of the data ensures that users always have the most current information available.
The tool allows individuals to calculate personal inflation by entering their monthly salary and expenses. This feature offers a clear view of how inflation is impacting personal finances and purchasing power in real-time.
With its blockchain infrastructure, the India Index tracks prices across various categories, including housing, food, transportation, and energy, which are critical to household expenditures. Investors can also benefit by using the data to diversify portfolios with inflation-linked assets.
Key Features:
– Fast Updates: Truflation provides daily inflation data updates, significantly faster than traditional sources.
– Comprehensive Data: The index draws from more than 20 million data points from over 80 providers, giving users a thorough view of inflation.
– Transparency: Open-source algorithms offer unbiased insights.
– Cost-of-Living Focus: The tool tracks essential household expenses, including housing, food, transportation, and energy.
As one of the world’s largest and fastest-growing economies, India stands to benefit greatly from the Truflation Index. This tool will help policymakers, businesses, and individuals alike better navigate inflationary challenges.
The India Inflation Calculator is live now, and the India Index will officially launch on November 9th, 2024. This marks another major step in Truflation’s goal to deliver independent, real-time economic data to emerging markets around the globe.
To view the calculator, visit: https://truflation.com/calculator?country=IN
For more information, visit Truflation’s website.
About Truflation
Truflation leads the way in the data revolution, delivering real-time, decentralized financial data across various sectors. Dedicated to transparency and precision, Truflation’s platform monitors over 20 million data points from more than 80 trusted providers. By integrating data on-chain, Truflation makes crucial financial information accessible to all, enabling users to make informed, data-driven decisions instantly.
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