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There was an article in CoinDesk on this:

While the Truflation index is based on the same calculation model as the widely used CPI, it is different because it measures and reports inflation changes daily by using current real-market price data from sources like Zillow, Penn State and Nielsen, among others.

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.

A Censorship-Resistant Inflation Index Is Being Built on Chainlink
https://www.coindesk.com/business/2022/04/08/a-censorship-resistant-inflation-index-is-being-built-on-chainlink
https://archive.ph/9nhqm <-- An archive, may be easier to read

And an article on ZeroHedge about this:

The "True" Inflation Rate Is 13.2% - Censorship-Resistant Price-Tracker Built On Blockchain
https://www.zerohedge.com/crypto/true-inflation-rate-132-censorship-resistant-price-tracker-built-blockchain

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Also, Jack tweeted about it https://nitter.net/jack/status/1513713310000205831?s=21

New CPI numbers out today

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