Truflation and Argentinian Government Launch Independent Inflation Tracker and Calculator
New York, New York, August 20th, 2024, Chainwire
Truflation, the premier source for real-time financial data, has announced the launch of an Argentina inflation calculator and tracker. It provides an independent and transparent source of viewing real-time inflation data for Argentina.
To provide an insight into the economic health of the South American nation, the AR Inflation Index records inflation of the Argentine Peso (ARS) and tracks it against the government reported rate, giving Argentinian citizens and independent observers an alternative data set of verifying official inflation figures. Statistics can be viewed on a daily, weekly, monthly, and annual basis.
In addition, Truflation has released a personal inflation calculator for Argentina. It’s only the third country to have been granted this provision by Truflation, following the US and UK. The tool enables Argentinians to calculate the real impact of inflation on their living expenses. By entering their monthly salary, bills, and expenses, individuals can identify how inflation affects their quality of life and purchasing power.
Truflation’s suite of Argentina inflation dashboards complement its existing calculators that allow consumers and enterprises to view real-time economic data filtered by type, country and market. Its Argentinian products have been developed in collaboration with the Argentinian government to ensure the accuracy and transparency of inflation data but are independently maintained and verified to ensure data integrity.
“We welcome Truflation’s publication of inflation tools designed to better inform Argentinian citizens and were happy to assist them in accessing the data required to develop their dashboard. Transparency is the key to giving consumers greater certainty about Argentina’s economic health and allowing them to confidently make decisions that will optimize their financial wellbeing.” Sergio Morales – Fintech & Blockchain Consultant from Argentina.
National Trust in published inflation figures has also been eroded following the manipulation of Argentina consumer price index (CPI). As a result, Argentinians have a significant interest in accessing accurate and up-to-date inflation data that allows them to make informed financial decisions.
Truflation’s methodology offers a groundbreaking approach to inflation measurement, leveraging over 10 million data points for unparalleled depth, compared to the traditional 80,000. Its indexes are updated 30 times faster than conventional tools, with daily reporting that keeps users ahead of market trends by using decentralized oracles and blockchain technology. Truflation ensures accurate, real-time data across various sectors, including housing, setting a new standard for economic data reporting.
By providing transparent and independent data, Truflation aims to restore trust and provide reliable information for economic planning and decision-making. Its Argentina dashboards deliver economic data that is accurate and that provide citizens with practical tools for money management and budgeting in one of the world’s most inflation-hit countries.
About Truflation
Empowered by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of Real World Assets through its independent, transparent, and real-time financial data. With a comprehensive index tracking over 13 million items, Truflation offers censorship-resistant data infrastructure (Truflation Stream Network), fueling systemic advancements in the DeFi economy. This empowers decentralized applications (dApps) such as DEXs to unlock boundless markets. From predicting orange juice and uranium prices, to facilitating BTC-denominated oil, gas, and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape.
