Truflation, a world leader in real-time financial data, has launched its India inflation tracker in partnership with Levitate Labs. The tool offers an independent, real-time view of inflation and transparent data to Indian businesses and consumers, substituting traditional metrics.
Indian web3 accelerator Levitate Labs will help Truflation in implementing this initiative and delivering reliable, real-time consumer price index data (CPI). This collaboration will contribute to Truflation’s efforts to provide critical information to the Indian Government, Policymakers (NITI Ayog), Businesses, and citizens in navigating the complexities of an inflationary environment.
The Index will measure various price points across various divisions like Housing, transportation, utilities, health, and many others. Truflation’s indexes tap into a vast network of over 80 data providers, analyzing over 20 million data points. This empowers businesses with critical insights into inflation trends and their driving factors.
Dive Deeper
Truflation’s successful US Inflation and UK Inflation Indices have ignited global demand for its accurate, real-time inflation data. The recent launch of the Argentina Index at the Argentine Tech Forum was a significant milestone, and discussions are ongoing with the Milei government to further expand Truflation’s reach in the region.
The US Inflation Index is particularly crucial, as the US economy serves as the global economic benchmark, influencing economic conditions worldwide. Meanwhile, the UK Inflation Index offers a granular view into one of the world’s oldest commercial hubs, balancing its unique position between European integration and economic independence. This makes it a key economic indicator for the region.
“India’s economic dynamism and growing middle class make it an essential market for accurate, real-time inflation data. With Truflation’s independent indices, we aim to empower Indian consumers and businesses to make better financial decisions.” Says Stefan Rust, CEO of Truflation.
Sankalp Pandey, CGO of Levitate Labs, stated, “Partnering with Truflation represents a pivotal move in advancing the on-chain ecosystem in India. We aim to equip developers and startups with the tools to build transformative solutions, driving innovation and entrepreneurship within the Web3 landscape.”
Key Features:
- 30x Faster: Truflation updates inflation data daily, compared to traditional tools.
- Extensive Data: Leveraging over 30 million data points from 80 + providers for a comprehensive view.
- Transparent Algorithms: Open-source metrics deliver unbiased insights.
- Real-World Focus: Measures the cost-of-living expenses, including housing, food, transportation, energy, etc.
By providing transparent and independent data, Truflation aims to restore trust and provide reliable information for economic planning and decision-making. Its India dashboards deliver economic data that is accurate and that provides citizens with practical tools for money management and budgeting in one of the world’s most inflation-hit countries.
To view the calculator, visit https://truflation.com/calculator?country=IN.
For more information, visit Truflation’s website.
Contact Information:
Jennifer Morrison
CMO, Truflation
Email: jennifer@lagu.na
About Truflation
Truflation is at the forefront of the data revolution, offering real-time, decentralized financial data across multiple sectors. With a commitment to transparency and accuracy, Truflation’s platform tracks over 30 million items with more than 80+ data providers. By bringing data on-chain, Truflation is democratizing access to critical financial information, empowering users to make better, more informed decisions in real time.
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About Levitate Labs
Levitate Labs is a trusted ally for Web3 companies looking to make a mark on the world stage, providing growth stage funding, mentorship, and international connections to help them scale, grow, and succeed in diverse markets, including India.