News and Insights
We've researched inflation, partnered with scientists, scoured the databases, and replaced outdated surveys with real-time market information.
10 January, 2023
2 mins read
Synergy Creates Synths Fueled by Truflation Data
Synergy is a decentralized protocol for trading synthetic assets. It recently won the Chainlink Fall 2022 Hackathon's Top Quality Award and a Truflation Award as one of the top 3 projects which used Truflation data.
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10 January, 2023
5 mins read
Truflation US Data Insights: January 2023
On Thursday, the US Bureau of Labour Statistics (BLS) will release its consumer price index report. The US Truflation CPI continued to fall throughout December, sitting at 5.7% as of January 7, 2023, down from 6% on December 8, 2022.
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23 December, 2022
3 mins read
Fortunity, an Economic Variables DEX Powered by Truflation and Chainlink
Learn moe about Fortunity, is the world's first decentralized exchange (DEX) for trading forecast derivatives on economic variables powered by Truflation data, Chainlink oracles, and built on the Polygon blockchain.
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13 December, 2022
5 mins read
Truflation UK Data Insights: December 2022
On Wednesday, 14 November, the UK Office for National Statistics (ONS) will announce the latest monthly UK CPI figures. In October 2022, we saw the Truflation UK index based on independent data, rise to an all-time high of 17%.
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12 December, 2022
4 mins read
Truflation US Data Insights: December 2022
The world awaits the CPI release ahead of the FOMC meeting. The Truflation US CPI has continued to drop throughout November...
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06 December, 2022
2 mins read
Truflation's Chainlink Fall 2022 Hackathon Winners
Truflation, who joined the Chainlink Fall 2022 Hackathon as an official sponsor, just announced the 3 winning DeFi projects, that used Truflation's on-chain economic powered by Chainlink.
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15 November, 2022
4 mins read
Truflation UK Data Insights: November 2022
The ONS will announce the UK CPI for October on Nov 16, so let’s dig in to see how the UK inflation is fairing across Truflation’s data.
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10 November, 2022
3 mins read
Truflation Data Insights: November 2022
Inflation was front and center on everyone’s minds this month, especially during the Midterm Elections on Nov 8, 2022. Check Truflation's November 2022 data insights into the US inflation ahead of the BLS October 2022 CPI release.
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09 November, 2022
3 mins read
New Crypto Trading Accessibility Platform - Haptics DAO - Serves Truflation Data to People with Disabilities
Haptics DAO, a decentralized voice command platform, is the first cryptocurrency hub that brings trading, governance voting, and price data, including the Truflation's independent inflation data, to people with disabilities.
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04 November, 2022
4 mins read
Truflation Fed Update: inflection point?
Nov 2, 2022, the Federal Open Market Committee made its fourth rate rise this year, bringing the federal funds rate to a target range of 3.75% to 4%. This 0.75% rate rise has been expected, even if the stock market continues to anticipate an FOMC pivot and then be disappointed when reality bites.
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02 November, 2022
2 mins read
Truflation Partners with Kwil to Decentralize its Databases.
Truflation an economic data aggregator serving independent macroeconomics and financial data is partnering with Kwil, a protocol for designing, building, and deploying permissionless databases to decentralize its data storage.
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29 October, 2022
3 mins read
Truflation-powered predictions market Plation launches on Ethereum mainnet.
A Truflation-powered predictions market Plation.io launched on Ethereum mainnet on Oct 25, 2022. It allows users to bet whether daily inflation goes up or down based on Truflation's independent daily inflation oracle.
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19 October, 2022
3 mins read
Truflation Joins Chainlink Fall 2022 Hackathon as a Sponsor
Truflation economic data aggregator joins Chainlink Fall 2022 Hackathon as a sponsor and offers 10k prize pool for 3 top projects to build web3 solutions with our data.
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18 October, 2022
3 mins read
Truflation UK CPI Insights: October 2022
The Truflation UK CPI continues the upward trend we have seen in our numbers since June. It rose from 14.9% on 31st August to 15.8% on 30th September and today is at 16.7% on 18th October.
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12 October, 2022
3 mins read
Truflation US CPI Insights: October 2022
The US Truflation CPI has dropped from 8.8% at the end of August and continues the downward trend we have seen in our numbers since June. Let’s dive into the numbers and see what the data tells us.
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10 October, 2022
2 mins read
Truflation Partners with Hyphen to Bring Dynamic Climate Data to its new Marketplace
Truflation announced a partnership with Hyphen to offer high-quality dynamic climate data to the Truflation user base.
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06 October, 2022
0 mins read
Truflation on Nasdaq's Trade Talks
We joined Jill Malandrino on Nasdaq Trade Talks to discuss Truflation's independent inflation indexes, current use cases, and the future developments.
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06 October, 2022
2 mins read
Truflation and Space and Time partner to enchance real-world economic data for Web3
Truflation and Space and Time are partnering to provide a multichain web3 developer experience and quickly aggregate new off-chain data points into tamperproof, on-chain indexes.
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29 September, 2022
2 mins read
Truflation Launches a Data Marketplace.
Truflation is launching a data marketplace that aims to empower our community to share data and create independent metrics.
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29 September, 2022
3 mins read
Truflation Joins The Chainlink BUILD Program to Accelerate Adoption of Economic Data Indexes
We’re excited to announce that Truflation is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to greatly expand awareness and adoption of a variety of novel and trust-minimized data indexes.
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26 September, 2022
13 mins read
Truflation Deep Dive: Energy & Utilities
In this deep dive, we look at the data behind utilities, what lies behind energy prices, and how this affects everyone globally, no matter where you live.
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22 September, 2022
3 mins read
Truflation Fed Update: Higher-for-longer
The Federal Reserve dot-plot shows that the Fed is serious about keeping rates higher for longer. Let’s look at the data and where the US economy, brought to you by the Federal Reserve, is taking us.
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15 September, 2022
2 mins read
Truflation Data Insights: UK September 2022
September’s ONS release for August was full of surprises and contradictions. Let’s dive into the numbers and see what our data insights reveal.
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12 September, 2022
2 mins read
Truflation Data Insights: September 2022
Autumn is in the air and with inflation and the cost of living continuing to dominate the news cycle we’re diving into September's data ahead of the BLS numbers for August.
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08 September, 2022
3 mins read
Could Crypto Become the Next Global Reserve Currency?
Russia's Gazprom announced that China would start paying for Russian gas in rubles and yuan rather than US dollars. Could the US dollar lose its global reserve currency status?
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27 August, 2022
3 mins read
GDP, PCE, and Jackson Hole.
PCE slows, revised GDP Q2 2022 remains negative, but the Fed remains hawkish.
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18 August, 2022
9 mins read
Truflation Deep Dive: Food insecurity
Food prices have been one of the most prominent & persuasive drivers of global inflation this year. Dive into the data behind food production, supply & agricultural commodity markets to what lies behind the prices
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10 August, 2022
2 mins read
Truflation Insights: August 2022
Summer vacation is here, and record-high inflation seems to have a mind of its own as governments, consumers, businesses and central bankers struggle to come to terms with the rising cost of living and higher prices. So what do we see in our data as we move toward the end of the third quarter?
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09 August, 2022
2 mins read
Fed Update: Are we in ‘recession’ yet?
On 27th July, the Fed raised interest rates by three-quarter points for the second month. Let’s look at our data insights & where the market thinks we are in this tightening cycle.
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04 August, 2022
2 mins read
ONS CPI vs CPIH: Let’s break it down
Truflation’s quest for global inflation data moves closer to reality with our UK inflation index launch. In this post, we turned our sights on the Office of National Statistics (ONS) and its two consumer price indexes: CPI & CPIH.
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28 July, 2022
3 mins read
Truflation Launches Independent UK Inflation Index
Truflation has released an independent UK inflation index based on robust commerce data from 10 providers. The new index, which places UK CPIH inflation at 13.68% over the 12 months to 27th July 2022, is over 6% higher than the official figures reported by the UK’s Office for National Statistics.
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25 July, 2022
3 mins read
Truflation: Contradictions of the CPI
Why is the BLS still using data from over a month ago to determine the rate of inflation? When was the ‘data’ snapshot taken from the US economy in June? In this article, we explore contradictions and the CPI.
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19 July, 2022
4 mins read
Inflation, mistaken ideas & unforeseen events
Everyone is talking about inflation, and that is the problem. In a recent interview, Mervyn King (former Head of the BoE) argued that the current high inflation we are experiencing is a combination of bad luck and mistaken ideas about economics.
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13 July, 2022
4 mins read
Truflation: July CPI Insights
Truflation Insights. July 2022. It's been a busy month for inflation in the news, with the Fed kicking their inflation-busting tightening up a gear with another 0.75%.
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06 July, 2022
3 mins read
Inflation Insights: May and June Report
The BLS CPI inflation rate for the 12 months ending May was 8.6%. The official inflation rate was lower than the Truflation figure of 10.6% on May 31, 2022. The Truflation daily rates stayed consistently above 10% throughout May 2022.
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16 June, 2022
2 mins read
Price Indexes for Major NFT Collections
The indexes are available via the Chainlink Network New York, June 16 2022 - The team behind Truflation [https://truflation.com/], the world’s first independent US inflation metric, has released 16 new NFT price indexes for major NFT collections, including BAYC and Ethlizards requested by the Truflation community. Truflation’s newest indexes were announced at the Consensus 2022 conference in Austin, TX by Truflation Founder Stefan Rust. > “The infrastructure supporting the NFT space is still
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15 June, 2022
2 mins read
Truflation's Chainlink Spring 22 Hackathon Winners
Truflation was one of the sponsors of the Chainlink Spring 2022 Hackathon, offering builders a prize of US$10,000. Chainlink Spring 2022 Hackathon took place from April 22 to May 27, 2022. The virtual event got ~8500 signups and 308 final projects
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09 June, 2022
4 mins read
Truflation: June CPI Insights
Based on Truflation, we continue to have high inflation rates in June. We expect inflation to remain high for the duration of 2022 and start to ‘appear’ to come down only because prices were so high in 2021 that they will skew the YoY% change. In reality, inflation is at all-time highs in most categories, so let’s dive into the numbers and our insights for June: As of June 9th, 2022, Inflation in the US is 10.6%, as measured by Truflation’s Dashboard, and is holding stable versus our May 9th ra
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08 June, 2022
2 mins read
Truflation One Step Closer to Global Inflation Data.
This month the Truflation index is getting its biggest overhaul yet. The index updates with the entirely independent consumer trends based on multiple methodologies and global data sources to exchange the current data weights. Truflation is also launching an entirely new website [https://truflation.com/] and a dashboard [https://app.truflation.com/] that offers more insights and highly detailed daily inflation charts. Truflation is an independent US inflation index that has so far used the US
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02 June, 2022
4 mins read
A Valid Concern: Is the Official CPI Undervaluing Inflation?
This is how the BLS calculates inflation and how it could be done better. First, we need to get some basic concepts understood. And do not worry about the formulas below, they are simpler than they may seem at first glance. The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It is calculated using the following formula: Where CPI2 is the CPI in the second period. Where CPI1 is t
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27 May, 2022
4 mins read
Inflation, politics, and a squirrel
Globally inflation is currently a hot topic, and citizens (including Elon Musk [https://youtu.be/CnxzrX9tNoc?t=4557] and Jeff Bezos [https://www.yahoo.com/news/biden-vs-bezos-white-house-punches-back-at-billionaire-over-inflation-tweets-182035561.html] ) are rightly looking to governments for answers (and the truth!). Why do things cost more? What can be done to fight inflation? Tweetstorms around inflation with all sides blaming different factors might not help get to the bottom of what causes
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24 May, 2022
2 mins read
The Truflation Index Now Available on Multiple Blockchains
This month, Truflation took advantage of the interoperability of the Chainlink oracle network and released multiple new nodes making our independent inflation data compatible with various native chains. We are thrilled to offer our builders access regardless of their preferred chains and dApp environments. Apart from the previously released Ethereum mainnet and testnet, Truflation is now available to smart contracts on Avalanche [https://medium.com/truflation/the-truflation-index-now-available
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13 May, 2022
3 mins read
Truflation - CPI: Back to the Future
The BLS’s CPI report is now in. What does it tell us about the US inflation rate, and what is driving the increases we see at Truflation? Let’s dive into the report and compare it to our insights. CPI rate of inflation for the 12 months ending April was 8.3%. Their rate was lower than the Truflation figure of 11.65% on 1st May. Removing energy and food, the CPI annual inflation was still 6.2%. Sadly, their data is for April. This data lag makes it difficult to identify core inflation drivers i
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11 May, 2022
2 mins read
Truflation: May CPI Insights
At Truflation, we believe in data and methodology, not sentiment and surveys. We created Truflation [https://app.truflation.com/] index based on real market price data collected from 30 different data sources daily to deliver crucial business intelligence around inflation. We offer real-time on-chain economic metrics for Web3 applications. Many people forecast that the inflation rate would be lower in May than in April, so let’s dive into the data and look at this month’s insights. Based on T
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20 April, 2022
2 mins read
Calling All Builders and Developers: It's Time for a Web3 Challenge
The Chainlink Hackathon with more than $500,000 in prizes is now underway. Imagine you had access to all economic data, on-chain, un-biased and verifiably true and a healthy slice of that prize money. What could you buidl?
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08 April, 2022
3 mins read
Truflation Wins Challenge for Building a Decentralized, Censorship-Resistant On-Chain Inflation Index Using Chainlink
Truflation won the $100k inflation challenge.
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17 January, 2022
3 mins read
Truflation Brings Inflation Index Data to Blockchain With Chainlink
Unbiased daily inflation data. Now on-chain.
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26 November, 2021
3 mins read
What is the Truflation Oracle and why we desperately need one
In crypto space, we often say fix the money, fix the world.
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14 November, 2021
2 mins read
Why no one can agree on what inflation is and how to measure it
Can it really be this hard to calculate inflation?
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27 October, 2021
2 mins read
Inflation is the highest in 30 years and, according to some economists, much higher
Some economists believe inflation is double the published rate.
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