US Inflation Jumps Most in 40 Years, Bitcoin, Ethereum Gain

January 12, 2022

In December, monthly inflation in the US was a bit higher than expected, reaching 0.5%, while the annual inflation increased to 7% and was the same as expected.

Economists expected that the consumer price index (CPI), a key measure of consumer prices released by the US Labor Department, will show that inflation jumped by 0.4% in December and 7% year-over-year – the highest increase in prices since 1982.…

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