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- Truflation’s personal inflation calculator enables Argentinians to assess inflation’s impact on personal finances.
- Maintained independently by Truflation, these tools aim to provide transparency and aid in financial decision-making.
On August 20, 2024, Truflation announced the debut of a new tool specifically designed for Argentina, aimed at independently tracking inflation rates. This innovation allows users to view real-time inflation data, presenting a clear, unbiased perspective of Argentina’s economic health.
The centerpiece of this initiative is the AR Inflation Index, a newly developed tool by Truflation in collaboration with the Argentinian government. This index measures the inflation of the Argentine Peso (ARS) and compares it to the official rates published by the government, providing a dual-view of the economic landscape. The index is updated on a daily, weekly, monthly, and annual basis, offering users a comprehensive look at inflation trends over varying time frames.
In addition to the AR Inflation Index, Truflation has also introduced a personal inflation calculator for Argentina, making it the third country to receive such a resource from the company, following the United States and the United Kingdom. This tool allows Argentinians to calculate the personal impact of inflation by entering their monthly earnings and expenditures, helping them understand how inflation affects their purchasing power and overall financial health.
The development and maintenance of these tools involve a close partnership with the Argentinian government to ensure the accuracy and transparency of the data provided. However, Truflation retains independent control over the verification and maintenance of this data to ensure its integrity and reliability.
Sergio Morales, a Fintech & Blockchain Consultant in Argentina, expressed support for this project, noting the importance of transparency in building consumer confidence and aiding Argentinians in making well-informed financial decisions.
“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.” Sergio Morales – Fintech & Blockchain Consultant from Argentina.
This new suite of tools arrives at a time when confidence in official economic figures has waned due to previous manipulations of Argentina’s consumer price index (CPI). By providing a reliable, independently verified source of economic data, Truflation aims to offer an essential resource for individuals and analysts alike, facilitating informed decision-making in one of the world’s most volatile economic environments.
Furthermore, Truflation uses a sophisticated methodology to gather and analyze data, utilizing over 10 million data points to ensure the accuracy and timeliness of its economic indicators. This substantial data collection and processing capability significantly enhance the reliability of the inflation measurements, setting a new standard in economic data transparency and accessibility for Argentinians.
