Food prices have been one of the most prominent & persuasive drivers of global inflation this year. Dive into the data behind food production, supply & agricultural commodity markets to what lies behind the prices

Summer vacation is here, and record-high inflation seems to have a mind of its own as governments, consumers, businesses and central bankers struggle to come to terms with the rising cost of living and higher prices. So what do we see in our data as we move toward the end of the third quarter?

On 27th July, the Fed raised interest rates by three-quarter points for the second month. Let’s look at our data insights & where the market thinks we are in this tightening cycle.

Truflation’s quest for global inflation data moves closer to reality with our UK inflation index launch. In this post, we turned our sights on the Office of National Statistics (ONS) and its two consumer price indexes: CPI & CPIH.

Truflation has released an independent UK inflation index based on robust commerce data from 10 providers. The new index, which places UK CPIH inflation at 13.68% over the 12 months to 27th July 2022, is over 6% higher than the official figures reported by the UK’s Office for National Statistics.

Why is the BLS still using data from over a month ago to determine the rate of inflation? When was the ‘data’ snapshot taken from the US economy in June? In this article, we explore contradictions and the CPI.

Everyone is talking about inflation, and that is the problem. In a recent interview, Mervyn King (former Head of the BoE) argued that the current high inflation we are experiencing is a combination of bad luck and mistaken ideas about economics.

Truflation Insights. July 2022. It's been a busy month for inflation in the news, with the Fed kicking their inflation-busting tightening up a gear with another 0.75%.

The indexes are available via the Chainlink Network New York, June 16 2022 - The team behind Truflation [https://truflation.com/], the world’s first independent US inflation metric, has released 16 new NFT price indexes for major NFT collections, including BAYC and Ethlizards requested by the Truflation community. Truflation’

Truflation was one of the sponsors of the Chainlink Spring 2022 Hackathon, offering builders a prize of US$10,000. Chainlink Spring 2022 Hackathon took place from April 22 to May 27, 2022. The virtual event got ~8500 signups and 308 final projects

This month the Truflation index is getting its biggest overhaul yet. The index updates with the entirely independent consumer trends based on multiple methodologies and global data sources to exchange the current data weights. Truflation is also launching an entirely new website [https://truflation.com/] and a dashboard [https://app.

Globally inflation is currently a hot topic, and citizens (including Elon Musk [https://youtu.be/CnxzrX9tNoc?t=4557] and Jeff Bezos [https://www.yahoo.com/news/biden-vs-bezos-white-house-punches-back-at-billionaire-over-inflation-tweets-182035561.html] ) are rightly looking to governments for answers (and the truth!). Why do things cost more? What can be done to fight inflation?

This month, Truflation took advantage of the interoperability of the Chainlink oracle network and released multiple new nodes making our independent inflation data compatible with various native chains. We are thrilled to offer our builders access regardless of their preferred chains and dApp environments. Apart from the previously released Ethereum

The Chainlink Hackathon with more than $500,000 in prizes is now underway. Imagine you had access to all economic data, on-chain, un-biased and verifiably true and a healthy slice of that prize money. What could you buidl?

Truflation won the $100k inflation challenge.

Unbiased daily inflation data. Now on-chain.

Some economists believe inflation is double the published rate.