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Inflation. It’s a subject that by no means appears to depart the headlines—and for good motive. Whether or not you’re budgeting for groceries, splurging on Valentine’s Day, or planning summer season journey, the rising price of on a regular basis life has a approach of maintaining our consideration.
Once we first posted about rising inflation charges in February 2022, we knew it was an enormous deal. We thought—or hoped—the spike can be a short lived phenomenon. Then, in fact, inflation hung round and led to 4 Domo on Knowledge weblog posts, plus a lot LinkedIn pontificating from me.
This month, we’re excited to carry these efforts collectively in a single place: an interactive app, designed to supply new insights on the state of inflation in the US in 2024.
Constructing the story of inflation, one perception at a time
In our previous weblog posts, every inflation replace and evaluation acted like a snapshot, capturing a take a look at the forces shaping costs at a single second in time. However inflation unfolds as an extended narrative, one which’s continuously evolving.
So, we returned to these unique dashboards, some created earlier than we had low-code app-building instruments in App Studio, and introduced them collectively into one cohesive app. With Domo’s newest app instruments, we constructed a single, themed expertise that feels much less like a dashboard and extra like an interactive web site, supplying you with an interesting technique to discover the journey of U.S. inflation throughout the years.
Discover inflation traits by means of the years—multi functional place
Consider this app as your information to trace inflation’s path measured by means of client worth index (CPI) information. You’ll be able to journey by means of the steep rises of latest years to the place issues stand in 2024, with a view towards what would possibly are available 2025.
We organized it with themed sections that allow you to monitor traits by season, occasion, or necessities, making a complete image of how inflation impacts our on a regular basis selections.
As an example, you possibly can discover:
- Seasonal insights: How have vacation spending spikes contributed to cost fluctuations?
- Occasion-specific evaluation: What patterns emerge round financial shocks?
- Necessities monitoring: How have staple gadgets advanced vs discretionary spending?
Because the app is interactive, you possibly can transcend the numbers to search out patterns, hint adjustments over time, and discover the components driving at the moment’s costs.
Dive in and see what the info reveals about at the moment’s costs and inflation’s attainable future.
As you discover, take into consideration how instruments like predictive analytics and machine studying could make sense of traits like inflation. At Domo, we’re at all times discovering new methods to assist uncover patterns that form not simply at the moment’s economic system, however what’s coming subsequent.
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