Published 09 Oct, 2023
This week we introduce the Aggregated US Inflation Rate to the Truflation dashboard along with some exciting new UX features.
The Impact of Compounded Inflation:
Since the onset of COVID-19 in October 2020, the economic landscape has witnessed drastic shifts. Our new aggregated data feed reveals a staggering fact: the compounded rate of inflation during this period means the average American's purchasing power has eroded by 20.40% (updated daily).
This isn't just a statistic—it's a sobering reflection of the real-life struggles people are facing. For many, especially low-income individuals, this decline in purchasing power translates to tougher choices, stretching budgets thinner, and the heartbreaking sacrifice of essential needs. It underscores the profound, often silent impact inflation has on the daily lives of countless individuals, emphasizing the critical importance of staying informed and prepared in an ever-shifting economic landscape.
In our continued mission to provide accessible, reliable financial data, we're thrilled to announce a significant update to the Truflation dashboard:
The Data Feed Toggle:
The Power of the Toggle:
An End to Scroll Fatigue:
User Experience at the Forefront:
As always, we are eager to hear your feedback. Your insights shape our roadmap, and with your continued support, we'll keep pushing the boundaries of what's possible in data aggregation and presentation.