Insights and Updates

We've researched inflation, partnered with scientists, scoured the databases, and replaced outdated surveys with real-time market information.

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  • News

16 June, 2022

2 mins read

Truflation Releases 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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  • News

15 June, 2022

2 mins read

Truflation Announces the Chainlink 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 CPI Insights for June

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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  • News

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

Is the official CPI underestimating 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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  • News

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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  • News

24 May, 2022

2 mins read

The Truflation index is now available across multiple chains.

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 CPI Insights For May

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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  • News

20 April, 2022

2 mins read

Calling all Builders & Developers!

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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  • Careers

16 April, 2022

1 mins read

Content Manager

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  • Careers

16 April, 2022

1 mins read

Frontend Developer

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  • Careers

16 April, 2022

1 mins read

Marketing Manager

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  • Careers

16 April, 2022

1 mins read

Solidity Developer

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  • News

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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