Published 21 Dec, 2023
“This impact is often devastating," Truflation CEO Stefan Rust insisted. "Our aggregated inflation rate shows that the average US household has lost 22.65% of its purchasing power since January 30, 2020. Truflation’s income calculator puts the power in the hands of the individual, empowering them to demand the salary they deserve to continue living their lives.”
The Truflation Personal Inflation Calculator instantly estimates each user’s 'salary cut' as a result of inflation, while it also unveils a new portal to democratize data accessibility.
The user-friendly and intuitive income calculator is optimized for a selection of pre-set demographics, including 'US urban professional' and 'US retired senior,' to allow for a quick and seamless calculation of the impact inflation is having on each user’s household expenditure.
By choosing a demographic that best describes them, users can see a breakdown of their expenses and their loss of purchasing power based on the average pay for each category, as well as the salary they would need to earn to maintain their standard of living. Users can personalize their calculations with granular data input and download the result into their dashboard for future reference.
In addition, Truflation is thrilled to unveil Truflation Marketplace: its new index and data feeds portal that democratizes access to its vast data sets via a sleek and easy-to-use interface. The portal unlocks access to the underlying data powering Truflation’s indexes via API integration, and allows users to view in-depth historical data streams and the methodology behind each index.
Truflation’s independent, transparent, real-time data feeds are designed to provide the infrastructure for systemic advancements in decentralized finance, including in rapidly developing areas such as real-world asset (RWA) tokenization.
Backed by Coinbase and Chainlink, Truflation is a leading DRP (definite reference point) for economic truth that is powering the tokenization of Real World Assets with its independent, transparent, and real-time financial data. Tracking over 13 million items, Truflation’s censorship-resistant and accessible data indexes provide the necessary data infrastructure to bring about systemic advancements in the DeFi economy, empowering dApps like DEXs to open limitless markets. From speculating on prices of orange juice and uranium to enabling BTC-denominated oil, gas, and corn prices, Truflation provides the key to unlocking a diverse array of financial markets and instruments in the Web3 world.
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