Top Asia Food Inflation API alternatives in 2023

Top Asia Food Inflation API Alternatives in 2023

In the ever-evolving landscape of economic data, having access to reliable and comprehensive inflation data is crucial for businesses, investors, and analysts. As we navigate through 2023, several APIs stand out as excellent alternatives to traditional inflation data sources. This blog post will explore the best alternatives to the Inflation Rates API, detailing their features, capabilities, pricing, pros and cons, ideal use cases, and how they differ from the Inflation Rates API.

1. Inflation Rates API

Introducing the Inflation Rates API, your passport to economic foresight! This powerful tool offers real-time access to global inflation data, enabling businesses and investors to navigate financial landscapes with precision. Stay ahead of market trends, make informed decisions, and safeguard your investments in a world of economic flux.

The Inflation Rates API is a vital resource for businesses, economists, and investors seeking to grasp the pulse of global economies. With real-time access to meticulously curated inflation data from around the world, this API empowers users with comprehensive insights into economic stability and market trends. Users can seamlessly integrate this API into their applications, websites, or financial platforms, gaining instant access to inflation rates, historical data, and predictive analytics.

Key Features and Capabilities of Inflation Rates API

One of the key features of the Inflation Rates API is its user-friendly interface, enabling effortless navigation through diverse datasets. Explore inflation rates by country, region, or specific time frames, allowing for in-depth comparative analysis.

• Get Countries: Call this feature to retrieve the list of all supported countries. This allows users to understand the geographical scope of the data available.

  {"success":true,"status":200,"countries":["Afghanistan","Albania","Algeria","Angola","Argentina","Armenia","Aruba","Australia","Austria","Azerbaijan","Bahamas","Bahrain","Bangladesh","Barbados","Belarus","Belgium","Belize","Benin","Bermuda","Bhutan","Bolivia","Bosnia and Herzegovina","Botswana","Brazil","Brunei","Bulgaria","Burkina Faso","Burundi","Cambodia","Cameroon","Canada","Cape Verde","Cayman Islands","Central African Republic","Chad","Chile","China","Colombia","Comoros","Congo","Costa Rica","Croatia","Cuba","Cyprus","Czech Republic","Denmark","Djibouti","Dominican Republic","East Timor","Ecuador","Egypt","El Salvador","Equatorial Guinea","Eritrea","Estonia","Ethiopia","Euro Area","European Union","Faroe Islands","Fiji","Finland","France","Gabon","Gambia","Georgia","Germany","Ghana","Greece","Guatemala","Guinea","Guinea Bissau","Guyana","Haiti","Honduras","Hong Kong","Hungary","Iceland","India","Indonesia","Iran","Iraq","Ireland","Israel","Italy","Ivory Coast","Jamaica","Japan","...}

• Get Monthly Inflation: Call this feature with your chosen country to receive the latest monthly inflation registered. This is crucial for understanding short-term economic trends.

  {"success":true,"status":200,"country":"Turkey","last":2.88,"previous":2.88,"reference":"Nov/24","unit":"%"}

• Get Annualized Inflation: This feature delivers the inflation rates annualized, providing a broader perspective on long-term price movements.

  {"success":true,"status":200,"country":"Turkey","last":48.58,"previous":48.58,"reference":"Nov/24","unit":"%"}

Ready to test the Inflation Rates API? Try the API playground to experiment with requests.

2. Monetary Inflation Index API

The Monetary Inflation Index API provides access to an essential economic indicator that measures the rate at which the general price level of goods and services is increasing in an economy. This API is invaluable for users who need to stay updated on inflation trends and make informed economic decisions.

By accessing the Monetary Inflation Index API, users can obtain accurate information on current monthly and annual inflation rates. These rates are essential indicators of price fluctuations within the economy, reflecting the overall increase in the average price level of goods and services over specific time periods.

Key Features and Capabilities of Monetary Inflation Index API

Tracking monthly inflation rates provides a granular view of short-term price movements. This up-to-date information helps stakeholders identify potential inflationary pressures and take appropriate action to manage risks or take advantage of opportunities.

• Get Inflation Data: To use this feature, you must insert in the parameter the type of inflation indicator, which can be CPI (Consumer Price Index) by default or HICP (Harmonized Index of Consumer Prices). This flexibility allows users to tailor their data requests based on specific needs.

  [{"country": "Austria", "type": "CPI", "period": "April 2023", "monthly_rate_pct": 0.758, "yearly_rate_pct": 9.716}, {"country": "Belgium", "type": "CPI", "period": "May 2023", "monthly_rate_pct": 0.378, "yearly_rate_pct": 5.198}, {"country": "Brazil", "type": "CPI", "period": "April 2023", "monthly_rate_pct": 0.61, "yearly_rate_pct": 4.185}, {"country": "Canada", "type": "CPI", "period": "April 2023", "monthly_rate_pct": 0.708, "yearly_rate_pct": 4.406}, {"country": "Chile", "type": "CPI", "period": "April 2023", "monthly_rate_pct": 0.312, "yearly_rate_pct": 9.907}, {"country": "China", "type": "CPI", "period": "April 2023", "monthly_rate_pct": -0.194, "yearly_rate_pct": 0.097}, {"country": "Czech Republic", "type": "CPI", "period": "April 2023", "monthly_rate_pct": -0.203, "yearly_rate_pct": 12.711}, {"country": "Denmark", "type": "CPI", "period": "April 2023", "monthly_rate_pct": 0.256, "yearly_rate_pct": 5.282}, {"country": "Estonia", "type": "CPI", "period": "April 2023", "monthly_rate_pct": 0.312, "yearly_rate_pct": 9.907}]

Want to use the Monetary Inflation Index API in production? Visit the developer docs for complete API reference.

3. Exchange Rate Data API

The Exchange Rate Data API opens the door to the global economy, offering a full suite of foreign exchange and currency conversion services. In today's interconnected world, businesses, travelers, and financial institutions need real-time access to accurate exchange rates and currency conversion tools to thrive and succeed.

At the core of the Exchange Rate Data API is its ability to provide up-to-date exchange rates for a wide range of currencies. These rates are sourced from trusted financial data providers, ensuring accuracy and reliability.

Key Features and Capabilities of Exchange Rate Data API

The Exchange Rate Data API simplifies currency conversion with its intuitive and easy-to-use interface. Users can seamlessly integrate the conversion functions into their applications, allowing users to effortlessly convert between currencies with a single click or command.

• All Currencies: To use this feature, all you have to do is run it, and you will get all the available currencies. This is essential for users to understand the options available for currency conversion.

  {"success":true,"data":{"AED":"United Arab Emirates Dirham","AFN":"Afghan Afghani","ALL":"Albanian Lek","AMD":"Armenian Dram","ANG":"Netherlands Antillean Guilder","AOA":"Angolan Kwanza","ARS":"Argentine Peso","AUD":"Australian Dollar","AWG":"Aruban Florin","AZN":"Azerbaijani Manat","BAM":"Bosnia-Herzegovina Convertible Mark","BBD":"Barbadian Dollar","BDT":"Bangladeshi Taka","BGN":"Bulgarian Lev","BHD":"Bahraini Dinar","BIF":"Burundian Franc","BMD":"Bermudan Dollar","BND":"Brunei Dollar","BOB":"Bolivian Boliviano","BRL":"Brazilian Real","BSD":"Bahamian Dollar","BTC":"Bitcoin","BTN":"Bhutanese Ngultrum","BWP":"Botswanan Pula","BYN":"Belarusian Ruble","BZD":"Belize Dollar","CAD":"Canadian Dollar","CDF":"Congolese Franc","CHF":"Swiss Franc","CLF":"Chilean Unit of Account (UF)","CLP":"Chilean Peso","CNH":"Chinese Yuan (Offshore)","CNY":"Chinese Yuan","COP":"Colombian Peso","CRC":"Costa Rican Colón","CUC":"Cuban Convertible Peso","CUP":"Cuban Peso","CVE":"Cape Verdean Escudo","CZK":"Czech Koruna","DJF":"Djiboutian Franc","DKK":"Danish Krone","DOP":"Dominican Peso","DZD":"Algerian Dinar","EGP":"Egyptian Pound","ERN":"Eritrean Nakfa","ETB":"Ethiopian Birr","EUR":"Euro","FJD":"Fijian Dollar","FKP":"Falkland Islands Pound","GBP":"British Pound Sterling","GEL":"Georgian Lari","GGP":"Guernsey Pound","GHS":"Ghanaian Cedi","GIP":"Gibraltar Pound","GMD":"Gambian Dalasi","GNF":"Guinean Franc","GTQ":"Guatemalan Quetzal","GYD":"Guyanese Dollar","HKD":"Hong Kong Dollar","HNL":"Honduran Lempira","HRK":"Croatian Kuna","HTG":"Haitian Gourde","HUF":"Hungarian Forint","IDR":"Indonesian Rupiah","ILS":"Israeli New Sheqel","IMP":"Isle of Man Pound","INR":"Indian Rupee","IQD":"Iraqi Dinar","IRR":"Iranian Rial","ISK":"Icelandic Króna","JEP":"Jersey Pound","JMD":"Jamaican Dollar","JOD":"Jordanian Dinar","JPY":"Japanese Yen","KES":"Kenyan Shilling","KGS":"Kyrgyzstani Som","KHR":"Cambodian Riel","KMF":"Comorian Franc","KPW":"North Korean Won","KRW":"South Korean Won","KWD":"Kuwaiti Dinar","KYD":"Cayman Islands Dollar","KZT":"Kazakhstani Tenge","LAK":"Lao Kip","LBP":"Lebanese Pound","LKR":"Sri Lankan Rupee","LRD":"Liberian Dollar","LSL":"Lesotho Loti","LYD":"Libyan Dinar","MAD":"Moroccan Dirham","MDL":"Moldovan Leu","MGA":"Malagasy Ariary","MKD":"Macedonian Denar","MMK":"Myanmar Kyat","MNT":"Mongolian Tögrög","MOP":"Macanese Pataca","MRU":"Mauritanian Ouguiya","MUR":"Mauritian Rupee","MVR":"Maldivian Rufiyaa","MWK":"Malawian Kwacha","MXN":"Mexican Peso","MYR":"Malaysian Ringgit","MZN":"Mozambican Metical","NAD":"Namibian Dollar","NGN":"Nigerian Naira","NIO":"Nicaraguan Córdoba","NOK":"Norwegian Krone","NPR":"Nepalese Rupee","NZD":"New Zealand Dollar","OMR":"Omani Rial","PAB":"Panamanian Balboa","PEN":"Peruvian Nuevo Sol","PGK":"Papua New Guinean Kina","PHP":"Philippine Peso","PKR":"Pakistani Rupee","PLN":"Polish Zloty","PYG":"Paraguayan Guarani","QAR":"Qatari Rial","RON":"Romanian Leu","RSD":"Serbian Dinar","RUB":"Russian Ruble","RWF":"Rwandan Franc","SAR":"Saudi Riyal","SBD":"Solomon Islands Dollar","SCR":"Seychellois Rupee","SDD":"Sudanese Dinar","SDG":"Sudanese Pound","SEK":"Swedish Krona","SGD":"Singapore Dollar","SHP":"Saint Helena Pound","SIT":"Slovenian Tolar","SKK":"Slovak Koruna","SLL":"Sierra Leonean Leone","SOS":"Somali Shilling","SRD":"Surinamese Dollar","SSP":"South Sudanese Pound","STN":"São Tomé and Príncipe Dobra","SVC":"Salvadoran Colón","SYP":"Syrian Pound","SZL":"Swazi Lilangeni","THB":"Thai Baht","TJS":"Tajikistani Somoni","TMT":"Turkmenistani Manat","TND":"Tunisian Dinar","TOP":"Tongan Paʻanga","TRY":"Turkish Lira","TTD":"Trinidad and Tobago Dollar","TWD":"New Taiwan Dollar","TZS":"Tanzanian Shilling","UAH":"Ukrainian Hryvnia","UGX":"Ugandan Shilling","USD":"United States Dollar","UYU":"Uruguayan Peso","UZS":"Uzbekistani Som","VES":"Venezuelan Bolívar","VND":"Vietnamese Dong","VUV":"Vanuatu Vatu","WST":"Samoan Tala","XAF":"Central African CFA Franc","XCD":"East Caribbean Dollar","XDR":"Special Drawing Rights","XOF":"West African CFA Franc","XPF":"CFP Franc","YER":"Yemeni Rial","ZAR":"South African Rand","ZMW":"Zambian Kwacha","ZWL":"Zimbabwean Dollar"}}

• Conversion: To use this feature, you must indicate two currencies in the parameter. This allows users to convert between currencies easily.

  {"success":true,"message":"OK","date":"2023-09-06","currency":{"from":"USD","to":"IDR"},"result":{"raw":15289.610049,"formatted":"15,289.61","currency":"IDR 15,289.61"},"copyright":"Masiting.dev"}

Want to try the Exchange Rate Data API? Check out the API documentation to get started.

4. Foreign Exchange API

The Foreign Exchange API allows developers to access foreign exchange data and services and integrate them into their applications. This API provides real-time or historical exchange rates, currency conversion capabilities, and other currency-related functionality that enable businesses and developers to automate currency exchange processes.

Foreign Exchange APIs are essential tools for businesses, financial institutions, fintech companies, and developers who need accurate and up-to-date foreign exchange data. These APIs are typically provided by foreign exchange data providers or financial technology companies specializing in foreign exchange services.

Key Features and Capabilities of Foreign Exchange API

One of the main functionalities of Foreign Exchange APIs is to provide real-time exchange rates. This API allows developers to access the latest exchange rates for various currency pairs, such as EUR/USD, GBP/JPY, or AUD/CAD.

• Get Conversion: To use this feature, you must insert in the parameters the currencies you want to convert and the amount. It also has an optional parameter to retrieve information according to the date. This flexibility allows users to customize their requests based on specific needs.

  {"success":true,"result":{"date":"2023-05-04T19:48:02.114Z","from":{"currency":"EUR","amount":20},"to":{"currency":"USD","amount":22.148}}}

Looking to optimize your Foreign Exchange API integration? Read our technical guides for implementation tips.

5. Forex API

The Forex API bridges the gap between applications and the intricate world of global currencies. From bustling trading floors to digital payment gateways, this API serves as a centralized hub for retrieving real-time exchange rate data.

One of the most outstanding features of the Forex API is its simple integration process. Users can effortlessly integrate exchange rate functionality into their applications, whether they are financial applications, e-commerce platforms, travel booking websites, or budgeting tools.

Key Features and Capabilities of Forex API

Intuitive API endpoints and structured response formats allow developers to quickly integrate exchange rate data, thus enhancing the user experience.

• Currencies Available: To use this feature, all you have to do is run it, and you will get the available currencies. This is essential for users to understand the options available for currency conversion.

  {"AED":"United Arab Emirates Dirham","AFN":"Afghan Afghani","ALL":"Albanian Lek","AMD":"Armenian Dram","ANG":"Netherlands Antillean Gulden","AOA":"Angolan Kwanza","ARS":"Argentine Peso","AUD":"Australian Dollar","AWG":"Aruban Florin","AZN":"Azerbaijani Manat","BAM":"Bosnia and Herzegovina Convertible Marka","BBD":"Barbadian Dollar","BDT":"Bangladeshi Taka","BMD":"Bermudian Dollar","BND":"Brunei Dollar","BRL":"Brazilian Real","CAD":"Canadian Dollar","CHF":"Swiss Franc","CNY":"Chinese Yuan","EUR":"Euro","GBP":"British Pound","JPY":"Japanese Yen","USD":"United States Dollar"}}

• Get Latest Rates: To use this feature, all you have to do is run the endpoint, and you will get the USD-based rates every 10 minutes. This ensures that users have access to the most current exchange rates.

  {"bs":"USD","ts":1692112793,"rt":{"AED":3.673029999509945,"AFN":84.30969549999942,"ALL":95.67440390970364,"AMD":387.1775,"ANG":1.7961954819490071,"AOA":824.9990000000176,"ARS":350.0315216058202,"AUD":1.7999999999999998,"AZN":1.7,"BAM":1.7890169999999999,"BBD":2,"BDT":109.4613685,"BGN":1.789309995473115,"BHD":0.376868,"BIF":2836.021239499852,"BMD":1,"BND":1.3566394706626188,"BOB":6.922026333333333,"BRL":4.9776,"BSD":1,"BTN":83.310197,"BWP":13.620178999999997,"BYN":2.5243510000000002,"BYR":25243.500000003172,"BZD":2.016561798149524,"CAD":1.3480846348823752,"CDF":2465.5317923967455,"CHF":0.8769226666666667,"CLF":0.0311738,"CLP":861.6399999999812,"CNY":7.281384999007741,"COP":4085.0070058525243,"CRC":535.2535543333333,"CUC":1,"CVE":100.8612913632844,"CZK":22.04439679918709,"DJF":177.88872449999877,"DKK":6.815615462127442,"DOP":56.71551707211867,"DZD":135.8074325196597,"EGP":30.900249999999954,"ETB":55.17795,"EUR":0.9146957767426027,"FJD":2.25772,"GBP":0.7844559933265874,"JPY":0.7844559933265874,"USD":1}}

• Get Latest Rate: To use this feature, you must indicate in the parameters two currencies to return the exchange rate updated every 10 minutes. This allows users to get the most current exchange rate between two currencies.

  {"ts":1692113393,"rt":1.092629}

• Currency Conversion: To use this feature, you must indicate in the parameters two currencies together with an amount. Currencies are updated every 10 minutes, ensuring that users have access to the latest conversion rates.

  {"ts":1692113393,"vl":10.926292}

Looking to optimize your Forex API integration? Read our technical guides for implementation tips.

6. Instant Forex Rates API

The Instant Forex Rates API provides exchange rate data, which is crucial for smooth financial transactions and accurate currency conversions. This API is a critical resource in the world of finance, providing users with easy access to accurate and up-to-date exchange rates.

In an era of global transactions and interconnected markets, this API is a vital tool for applications and services that require accurate currency data for international trade, financial analysis, and seamless transactions.

Key Features and Capabilities of Instant Forex Rates API

This functionality is invaluable for international trade users, financial analysts, and developers creating applications involving currency conversions.

• Available Currencies: To use this feature, just run it, and you will get all the available currencies. This is essential for users to know what currencies they can work with.

  [{"symbol":"USD","name":"United States Dollar"},{"symbol":"ALL","name":"Albania Lek"},{"symbol":"DZD","name":"Algeria Dinar"},{"symbol":"AOA","name":"Angola Kwanza"},{"symbol":"ARS","name":"Argentina Peso"},{"symbol":"AMD","name":"Armenia Dram"},{"symbol":"AWG","name":"Aruba Guilder"},{"symbol":"AUD","name":"Australia Dollar"},{"symbol":"AZN","name":"Azerbaijan Manat"},{"symbol":"BSD","name":"Bahamas Dollar"},{"symbol":"BHD","name":"Bahrain Dinar"},{"symbol":"BDT","name":"Bangladesh Taka"},{"symbol":"BBD","name":"Barbados Dollar"},{"symbol":"BYN","name":"Belarus Ruble"},{"symbol":"BZD","name":"Belize Dollar"},{"symbol":"BMD","name":"Bermuda Dollar"},{"symbol":"BTN","name":"Bhutan Ngultrum"},{"symbol":"BOB","name":"Bolivia Bolviano"},{"symbol":"BAM","name":"Bosnia and Herzegovina Convertible Marka"},{"symbol":"BWP","name":"Botswana Pula"},{"symbol":"BRL","name":"Brazil Real"},{"symbol":"BND","name":"Brunei Darussalam Dollar"},{"symbol":"BGN","name":"Bulgaria Lev"},{"symbol":"BIF","name":"Burundi Franc"},{"symbol":"CAD","name":"Canadian Dollar"},{"symbol":"CHF","name":"Swiss Franc"},{"symbol":"CNY","name":"Chinese Renminbi Yuan"},{"symbol":"EUR","name":"Euro"},{"symbol":"GBP","name":"British Pound"},{"symbol":"JPY","name":"Japanese Yen"},{"symbol":"ZAR","name":"South African Rand"}]

• Conversion Currencies: To use this feature, you must indicate two currencies and an amount in the parameters. This allows users to convert between currencies easily.

  {"success":true,"validationMessage":[],"result":{"from":"USD","to":"EUR","amountToConvert":10,"convertedAmount":9.068150000000001}}

Want to use the Instant Forex Rates API in production? Visit the developer docs for complete API reference.

7. Exchange Rate Information API

The Exchange Rate Information API offers real-time and historical foreign exchange rates, empowering applications with precise cross-currency conversion for financial transactions. This API is designed to provide accurate and up-to-date exchange rate information.

By leveraging this API, users gain the ability to access a wealth of financial data, enabling seamless currency conversions within applications and systems.

Key Features and Capabilities of Exchange Rate Information API

At the core of its functionality, the API provides real-time exchange rates for an extensive list of currencies. This ensures that users receive accurate and timely information to meet their currency conversion needs.

• Supported Currencies: To use this feature, just run it, and you will get the available currencies. This is essential for users to understand the options available for currency conversion.

  {"list":["ADA","AED","AFN","ALL","AMD","ANG","AOA","ARS","ATS","AUD","AWG","AZM","AZN","BAM","BBD","BCH","BDT","BEF","BGN","BHD","BIF","BMD","BND","BOB","BRL","BSD","BTC","BTN","BWP","BYN","BYR","BZD","CAD","CDF","CHF","CLF","CLP","CNH","CNY","COP","CRC","CUC","CUP","CVE","CYP","CZK","DEM","DJF","DKK","DOGE","DOP","DOT","DZD","EEK","EGP","ERN","ESP","ETB","ETH","EUR","FIM","FJD","FKP","FRF","GBP","GEL","GGP","GHC","GHS","GIP","GMD","GNF","GRD","GTQ","GYD","HKD","HNL","HRK","HTG","HUF","IDR","IEP","ILS","IMP","INR","IQD","IRR","ISK","ITL","JEP","JMD","JOD","JPY","KES","KGS","KHR","KMF","KPW","KRW","KWD","KYD","KZT","LAK","LBP","LINK","LKR","LRD","LSL","LTC","LTL","LUF","LUNA","LVL","LYD","MAD","MDL","MGA","MGF","MKD","MMK","MNT","MOP","MRO","MRU","MTL","MUR","MVR","MWK","MXN","MXV","MYR","MZM","MZN","NAD","NGN","NIO","NLG","NOK","NPR","NZD","OMR","PAB","PEN","PGK","PHP","PKR","PLN","PTE","PYG","QAR","ROL","RON","RSD","RUB","RWF","SAR","SBD","SCR","SDD","SDG","SEK","SGD","SHP","SIT","SKK","SLL","SOS","SRD","SSP","STN","SVC","SYP","SZL","THB","TJS","TMT","TND","TOP","TRY","TTD","TWD","TZS","UAH","UGX","USD","UYU","UZS","VES","VND","VUV","WST","XAF","XCD","XDR","XOF","XPF","YER","ZAR","ZMW","ZWL"]}

• Currencies Rate: To use this feature, you must indicate two currencies along with a date in the parameter. This allows users to retrieve historical exchange rates for analysis.

  {"date":"2023-05-10","from":"USD","to":"EUR","rate":0.9119159024001383}

Ready to test the Exchange Rate Information API? Try the API playground to experiment with requests.

Conclusion

In conclusion, the landscape of inflation and exchange rate APIs in 2023 offers a variety of robust alternatives to the traditional Inflation Rates API. Each API discussed provides unique features and capabilities tailored to different user needs. The Inflation Rates API remains a strong contender for those focused on inflation data, while the Monetary Inflation Index API offers a comprehensive view of inflation trends. For users needing real-time currency data, the Exchange Rate Data API, Foreign Exchange API, and Forex API provide excellent solutions. The Instant Forex Rates API and Exchange Rate Information API also stand out for their ease of integration and comprehensive data offerings.

Ultimately, the best choice depends on your specific needs—whether you require detailed inflation data, real-time exchange rates, or historical analysis. By leveraging these APIs, developers can enhance their applications and provide valuable insights into economic trends.