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Posted on 4/1/25 at 3:38 pm to BCreed1
Lol. Who you gonna believe, John/Eric or your lying eyes?
Posted on 4/1/25 at 5:36 pm to loogaroo
quote:
Groceries are definitely down from several weeks ago.
Inflation also seems to have been tamed in the stock market.
Posted on 4/1/25 at 5:59 pm to BCreed1
Diesel is down but, I remain skeptical.
This post was edited on 4/1/25 at 6:07 pm
Posted on 4/1/25 at 6:04 pm to BCreed1
There are a lot of people posting as though they think that inflation going down (if that is, in fact, what's happening) will result in prices falling.
Y'all know that's not how it works, right?
It means prices stop going up nearly as fast. It doesn't mean prices come down.
Y'all know that's not how it works, right?
It means prices stop going up nearly as fast. It doesn't mean prices come down.
Posted on 4/1/25 at 6:15 pm to ArizonaTiger97
Truflation is a modern, decentralized inflation index aiming to offer a more transparent, real-time alternative to traditional inflation metrics like the U.S. Consumer Price Index (CPI). Instead of relying on surveys and delayed reporting like the Bureau of Labor Statistics, Truflation uses blockchain technology, real-world data sources, and oracles to calculate inflation daily.
Here’s how Truflation is calculated:
?
1. Data Sources
Truflation pulls data from hundreds of public and private APIs—think e-commerce websites, insurance companies, food retailers, utility providers, and more. This gives it real-time prices across many categories of consumer goods and services.
?
2. Category Weights
It uses a weighted basket of goods and services, much like the CPI. Truflation currently mirrors the same category weightings as the U.S. CPI (e.g., housing, transportation, food, medical care, etc.). These weights are based on how much each category contributes to the average household’s spending.
• Example: If food accounts for 13% of household spending, it holds that weight in the inflation calculation.
?
3. Price Changes
Within each category, Truflation tracks actual price changes daily, using up-to-date market data.
• Example: If groceries from major stores go up 2% in a week, that 2% change affects the “food” portion of the index.
?
4. Calculation
Each category’s price movement is multiplied by its weight, and then all those weighted changes are summed to get the overall inflation figure.
Formula (simplified):
Truflation Rate = S (Weight of Category × % Price Change of Category)
?
5. Delivery via Blockchain
Truflation publishes its results on-chain via oracles like Chainlink, making the data tamper-resistant and publicly auditable.
?
Bottom Line
Truflation’s goal is to cut out government lag and bias and deliver a faster, more transparent view of what your money is really doing in the real world. It’s like the CPI, but souped-up, decentralized, and updated
Here’s how Truflation is calculated:
?
1. Data Sources
Truflation pulls data from hundreds of public and private APIs—think e-commerce websites, insurance companies, food retailers, utility providers, and more. This gives it real-time prices across many categories of consumer goods and services.
?
2. Category Weights
It uses a weighted basket of goods and services, much like the CPI. Truflation currently mirrors the same category weightings as the U.S. CPI (e.g., housing, transportation, food, medical care, etc.). These weights are based on how much each category contributes to the average household’s spending.
• Example: If food accounts for 13% of household spending, it holds that weight in the inflation calculation.
?
3. Price Changes
Within each category, Truflation tracks actual price changes daily, using up-to-date market data.
• Example: If groceries from major stores go up 2% in a week, that 2% change affects the “food” portion of the index.
?
4. Calculation
Each category’s price movement is multiplied by its weight, and then all those weighted changes are summed to get the overall inflation figure.
Formula (simplified):
Truflation Rate = S (Weight of Category × % Price Change of Category)
?
5. Delivery via Blockchain
Truflation publishes its results on-chain via oracles like Chainlink, making the data tamper-resistant and publicly auditable.
?
Bottom Line
Truflation’s goal is to cut out government lag and bias and deliver a faster, more transparent view of what your money is really doing in the real world. It’s like the CPI, but souped-up, decentralized, and updated
Posted on 4/1/25 at 7:12 pm to wackatimesthree
quote:
There are a lot of people posting as though they think that inflation going down (if that is, in fact, what's happening) will result in prices falling. Y'all know that's not how it works, right? It means prices stop going up nearly as fast. It doesn't mean prices come down.
That’s not entirely true. Inflation is an index based on aggregated data. Prices for specific goods can certainly drop, with a net result of a shrinking rate that is still inflationary, without crossing into deflationary territory.
I mean certainly you are aware that prices can go down, right?
Posted on 4/1/25 at 7:39 pm to Enadious
quote:
Inflation is cratering
Because the economy is crashing.
Is there another way to bring prices down? I’ve been predicting on here for months that Trump will cause a Reagan-like recession upon taking office. That will squeeze out inflation. He is using a novel way to do it - tariffs. But he’s getting three for one on those tariffs, not only the deflation, but also getting trade barriers against the US removed and NATO nations to increase defense spending.
When trade agreements are squared up, and inflation is history, Trump will remove the tariffs. At that point all of the investment in reshoring, and loose money, will cause the economy to boom.
Posted on 4/2/25 at 5:33 am to aTmTexas Dillo
quote:
Anything in a box goes for five bucks or more.
500+ lbs/ obese/ diabeetus
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