Truflation Launches Independent Inflation Tracker and Calculator for Argentina
Truflation, the premier source for real-time financial data, has announced the launch of an Argentina inflation calculator and tracker. The Argentina Inflation Index is a daily snapshot from a dozen categories, Food through Recreation. Along with a daily percentage change, it contains comparative 1 year Low and 1 year High, and displays a Government Reported Rate. It provides an independent and transparent source of viewing real-time inflation data for Argentina.
VIEW The Argentina Inflation Index
To provide insight into the economic health of the South American nation, the Argentina Inflation Index records inflation of the Argentine Peso (ARS), tracking it against the government reported rate, giving Argentinians 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 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. The 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 the 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 18 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.
Dive Deeper
Truflation’s US Inflation Index and UK Inflation Index provoked calls from the community to cover more countries. The US, of course, is considered by most analysts as the world’s reserve economy – as it goes, so does the globe. Our United Kingdom coverage allows a granular look at an ancient commercial region, and its modern effort to be both integrated with the European Union while also maintaining its independence makes the UK a key continental barometer.
READ The Historic Inflation of Argentina – Causes, Impact, and Numbers
Calcule su inflación personal
Along with the Truflation Argentina Inflation Index, we’re also launching the Calcule su inflación personal. Similar to our popular Personal Inflation Calculator, it allows users to keep track of where they stand within the broader economy. As inflation soars, Argentinian incomes are being eroded in very real terms. With this simple calculator, its citizens can discover how much of their income needs to grow in order to fight the ever-elevating costs of living, seeing what they stand to lose if it falls short.
READ How to Use Truflation’s Personal Inflation Calculator to Get a Raise
The combination of macro and micro is a Truflation hallmark (we’re including Argentina in our global Big Mac Index – La hamburguesa Big Mac). We work to provide badly-needed perspective by leveraging the latest technologies and cutting-edge resources. The Spanish speaking world will now have access to these revolutionary tools, and our goal is to use the interchange between Truflation and Latin America to better both parties and eventually grow transparent, immutable, real-time economic data to include the entire world.
Argentina is our next step in that direction.
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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, 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.