Truflation’s newly revamped dashboard provides data on 12 key cost categories to more accurately measure inflation rates as compared to many government consumer price indicators Truflation, a decentralized, blockchain-based inflation index initiative, has announced the release of a new and redesigned UI for its dashboard, complete with a new set of features, functions, and capabilities. This new “Dashboard 2.0” revises the six standard expenditure categories used by many official government consumer price indexes (CPIs) and adds six new categories as well, bringing the total number of cost categories covered by the platform to 12. With this new update, Truflation hopes to significantly improve the accuracy and relevance of inflation data that is available to private and public markets and enterprises. Truflation has also revised the respective weights of each cost category to more accurately reflect changing tastes, trends, and macroeconomic movements that affect consumer spending behavior. The release of Dashboard 2.0 is a major development that takes Truflation away from the current CPI model which uses only six cost categories to cover all areas of consumer spending. By breaking up these major cost categories, revising the weights of each category, and adding new categories that are relevant to today’s consumers, Truflation hopes to provide users with better and deeper data insights, more comprehensive and accurate breakdow...
