Hassan Maishera
Truflation, the premier source for real-time financial data, announced on Tuesday, August 20th that it has launched an Argentina inflation calculator and tracker.
In a press release shared with Cryptowisser, Truflation said the tracker provides an independent and transparent source of viewing real-time inflation data for Argentina.
The AR inflation index records the inflation of the Argentine Peso (ARS) and tracks it against the government-reported rate. It gives Argentinians and independent observers an alternative data set for verifying official inflation figures.
Users can view statistics on various timelines, including daily, weekly, monthly, and annually. Furthermore, Truflation also launched a personal inflation calculator for Argentina.
Argentina is the third country Truflation is launching its inflation tracker, following the US and UK. With this tool, Argentinians can 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.
The products were developed thanks to Truflation’s partnership with the Argentinian government. The partnership ensures the accuracy and transparency of inflation data. However, the products are independently maintained and verified to ensure data integrity.
While commenting on this launch, Sergio Morales - Fintech & Blockchain Consultant from Argentina, said,
“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.”
National trust in inflation figures is at an all-time low due to the manipulation of Argentina's consumer price index (CPI). hence, Argentinians have an interest in obtaining accurate and up-to-date inflation data that allows them to make informed financial decisions.
According to Truflation, its method offers a unique approach to inflation measurement. It leverages over 10 million data points for unparalleled depth compared to the traditional 80,000.
The Truflation inflations are also 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 seeks to restore trust and provide reliable information for economic planning and decision-making in Argentina. The Truflation Argentina dashboard offers accurate economic data, providing citizens with practical tools for money management and budgeting in one of the world’s most inflation-hit countries.
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.
