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Truflation, a real-time financial data aggregator, announces the launch of the Inflation Calculator application in India for more transparent, reliable, and real-time insights. This tool is quite revolutionary because it offers people and businesses a new way of looking at inflation in India. It provides a clear inflation picture and offers more value-added information than conventional measures.
The decentralized oracles and blockchain technology would create the India Inflation Index, tracking millions of price points in different segments. These include shelter, nutrition, clothing, transportation, and power costs, which capture the actual cost of India. The calculator is strictly personal and can be used to input a person’s monthly salary and expenditures to understand how inflation affects one’s purchasing power.
Truflation Empowering Financial Decisions in India
Stefan Rust, CEO of Truflation, further adds that the role of inflation data for India’s expanding economy is essential. He also points out that as India’s middle-class population grows, more and better, real-time accurate financial information is becoming a necessity. Establishing its independence indices, Truflation seeks to help consumers and organizations in India make the right financial decisions by choosing accurate economic data.
Truflation uses over 20 million data forms from over 80 providers to provide invaluable inflation data to businesses. Such extensive data collection allows for the development of clear and understandable economic indicators that will help governments, decision-makers, and ordinary people cope with the problems that accompany inflation. These real-time indices from such data offer necessary signals for understanding inflationary forces.
Key Features of the Inflation Calculator
Some exciting features of the India Inflation Calculator are as follows: It provides more frequent data updates on inflation daily, making it 30 times faster than the usual business intelligence tools. Moreover, the calculator’s open-source metrics provide neutral information, which makes it more inclined toward actual monthly expenditures.
The Truflation Index will prove insightful regarding inflation. The calculator is ready and available, and the main Index release will occur on November 9, 2024. This development signifies a significant step in Truflation’s mission to offer emerging markets independent and real-time economic data.