According to Truflation—a privately developed, blockchain‑based real‑time inflation index—the current U.S. inflation rate has fallen to 1.67%, which its reports say is the lowest level since early 2023.
This metric is derived from thousands of daily price points across multiple categories, making it more responsive than traditional monthly government gauges like CPI.
⚖️ Truflation vs. Official Measures
Truflation offers a real‑time snapshot using data from sources such as Amazon, Zillow, Walmart, gas prices, and more. It publishes daily updates and is intended as a forward‑looking complement—not a replacement—to the Consumer Price Index (CPI) and PCE measures, which the Federal Reserve relies on for policy decisions.
️ What Are Official Inflation Gauges Showing?
Contrasting sharply with Truflation’s 1.67% reading, official government data paint a firmer inflation landscape:
The Federal Reserve–preferred PCE inflation rate rose to 2.6% YoY, with core inflation (excluding food and energy) at 2.8% in June—both well above the Fed’s 2% target.Investopedia+3AP News+3New York Post+3
Core CPI, as measured by the Bureau of Labor Statistics, also sits around 2.9%.
✅ Summary Table
Metric Rate Notes
Truflation Index (YoY) 1.67% Daily, decentralized data snapshot
Core CPI (Govt) ~2.9% Official monthly report
Core PCE (Fed‑preferred) 2.8% Drives monetary policy decisions
What It Means
Deflation fears? Not yet—Truflation’s 1.67% still indicates a positive but mild pace of price increases.
Fed policy outlook: Markets are interpreting Truflation’s drop as a signal that official inflation may soften soon. Though the Fed kept rates steady in July (4.25–4.5%), investors now expect a possible 25 basis point cut by September.Reddit+15The Market Periodical+15MacroMicro+15Babypips.com+1MacroMicro+1theguardian.com+4AP News+4Reddit+4ft.com+2Investopedia+2New York Post+2Reddit
Caution advised: Truflation’s methodology is distinct and newer—some economists question its weighting, data integrity, and sampling methods. Its lower reading may reflect artifacts in data processing rather than actual consumer experience.Outposts+1Gate.com+1
Bottom Line
Truflation’s 1.67% reading suggests that inflationary pressures might be easing faster than official data reflects—but official measures still indicate inflation above target. Whether that signals a sustainable slowdown or a temporary dip remains a key question heading into the Fed’s next decisions.