The post Truflation Introduces Real-Time Inflation Calculator for India appeared on BitcoinEthereumNews.com.

Key highlights: The calculator tracks millions of prices to give users a transparent view of inflation’s effect on the cost of living. It allows users to calculate personalized inflation rates based on monthly salaries and expenses. Truflation aims to assist consumers and businesses in making informed financial decisions. 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…

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Filed under: News - @ October 15, 2024 4:22 pm