NEW: A challenge from balajis has led to truflation, a chainlink-based tool for tracking the U.S. inflation rate in real-time. HeleneBraunn reports
is building a new gauge to track inflation independent from the government and in real-time. Think of it as a competitor to the Consumer Price Index , and one where officials can’t move the goalposts.
“It’s the black box. We don’t know how they made the survey, how they executed it and so on … and the surveys are quite dubious to us as opposed to real price data of the sales point that you can get from real merchants or aggregators,” Rust said. About 40% of the data that is being looked at is the same goods basket that the Bureau of Labor Statistics uses. The remaining 60% is being substituted with data from other sources.
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