The USA Inflation Rate by Truflation Is 4.21%
truflation.com
The USA Inflation Rate by Truflation Is 4.21%
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Re: The USA Inflation Rate by Truflation Is 4.21%
#2Thats still 2 more than 2.
Re: The USA Inflation Rate by Truflation Is 4.21%
#3[flagged]
Re: The USA Inflation Rate by Truflation Is 4.21%
#4The US government claims it's 6.0%. What does the US government gain by reporting a higher inflation rate?
Re: The USA Inflation Rate by Truflation Is 4.21%
#5Thats still 2 more than 2.
I mean yeah, but the trajectory is kind of more important.
Re: The USA Inflation Rate by Truflation Is 4.21%
#6Thats still 2 more than 2.
Which is in itself a made up number to aim for
Re: The USA Inflation Rate by Truflation Is 4.21%
#7The US government claims it's 6.0%. What does the US government gain by reporting a higher inflation rate?
There's a lot of different ways to measure inflation. This is based on their own methodology and white paper (https://truflation.com/methodology/) which I have yet to review. It's almost certainly not "something to gain" but instead just different weights, different sources, different approach.
Re: The USA Inflation Rate by Truflation Is 4.21%
#8It was 4.04% on Sunday. Any idea why it has increased by 0.17% ever since?
Re: The USA Inflation Rate by Truflation Is 4.21%
#9From the whitepaper:
> We propose using the world’s vast data access, blockchain technology, and the enormous potential of decentralized systems and organizations to provide a developer solution to the inflation problem.
> Truflation is the first true US inflation index based on the independent data sources and metrics created by developers and crypto investors for developers and the crypto community.
> The US Truflation Index is available online, on-chain, via a Chainlink Oracle API for all the crypto products and projects that want to correct for the actual US inflation. The Truflation feed also provides daily updates as opposed to the monthly metrics reported by the US government. Truflation also allows transparent access to our underlying data and calculation methods.
It would be nice to get access to a small sample of the data points they're pulling, it's not immediately clear to me from their methodology what the data looks like or where the data is from.
Re: The USA Inflation Rate by Truflation Is 4.21%
#10Big delta from the Fed's number. Much more promising. It might give the Fed a little bit of wiggle room in dealing with the banking situation.
If we can weather these last few blips, we might be back to smooth sailing soon. The economy is buzzing along by all other measures.