Home Cryptocurrency US CPI Report Shows Inflation Higher Than Expected, Bitcoin Falls 9.6%

US CPI Report Shows Inflation Higher Than Expected, Bitcoin Falls 9.6%

by SuperiorInvest

Tuesday’s report was expected to show a much faster slowdown in prices as energy, gasoline and airfares — the main drivers of high inflation in recent months — began to cool. However, other sectors offset this fall in prices and caused headline inflation to remain elevated. For example, health insurance grew by 24.3% year-on-year, the largest increase ever. Food prices at home and rents were also one of the main drivers this month, which rose by 13.5% and 15.8%, respectively, and services inflation rose above 6%.

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