Tuesday, March 5, 2024

World's Leading Independent Inflation Index Truflation Now Better Reflects Real Consumer Spending - Yahoo Finance

Last updated Wednesday, June 8, 2022 11:37 ET , Source: NewsService

Truflation’s new dashboard leverages 12 price categories and provides a more accurate measure of inflation as compared to the government’s 6 broad CPI categories.

Austin, Texas , June 08, 2022 (GLOBE NEWSWIRE) --

The independent inflation index Truflation has announced the release of its groundbreaking Dashboard 2.0. The new dashboard adds independent data weights (consumer expenditure data) to Truflation’s index to decouple from the government’s consumer price index (CPI).

The goal of this major update by Truflation is to drastically improve inflation data that is offered by the government’s CPI and revise the weightages of each category within the index to more accurately reflect market prices and consumer expenditures in different cost areas. The new data takes Truflation away from the current CPI model that uses 6 primary categories and introduces a new model which expands the index into 12 key pillars. Breaking up the major categories gives Truflation users access to better and deeper data insights in a more comprehensive set of spending categories. These unique categories will be released as independent price indices on the blockchain.

“This update is a huge leap for Truflation. Our goal is to provide the best economic insights to the world. With independent demographic data, we can obtain a direct and accurate view into what households actually spend money on, and we can measure inflation more accurately. We can also expedite our expansion to Europe and South...

Read Full Story: https://finance.yahoo.com/news/worlds-leading-independent-inflation-index-153700901.html

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