Audience
Blockchain solution for businesses
About Truflation
Governments and central banks are responsible for gathering information, calculating metrics, and reporting to the public. The way inflation is calculated changes often, favoring methods that report lower inflation rates. If it were calculated using methods discontinued in the 80s and 90s, the official inflation would be around 14% and 10%, respectively. The newest inflation indexes currently being tested by the Bureau of Labor Statistics report even lower inflation. Headline inflation you encounter in the news is the yearly change in CPI (Consumer Price Index). We've researched, deconstructed, and remastered the official CPI to create a metric that reflects the true price change in the market. The resulting US Truflation index offers daily inflation updates using the latest real market data, transparent and available to everyone through a decentralized blockchain oracle.