⬇ -12 Bitcoin price falls under $29.5K after 'unexpected' 40-year high US inflation $BTC bitcoin XBT
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Inflation hits fresh 40-year high in May with consumer prices surging 8.6%The May consumer price report, released on Friday, sheds light on whether inflation is peaking, or whether consumers will continue to face rising costs in coming months.
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Biggest Movers: AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High – Market Updates Bitcoin NewsAVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States.
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US inflation hit a new 40-year high last month of 8.6%At the same time, inflation has shown some signs of moderating, and economists expect it to decline this year, though not by very much.
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Inflation hits new 40-year high of 8.6% as gas, food prices keep risingThe costs of goods and everyday living rose to a new 40-year high in May, with annual inflation rising to 8.6% and consumer prices climbing 1% last month alone, due to more expensive fuel, food and housing.
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Biden to give speech on soaring prices as inflation rate hits a fresh 40-year highBiden will be addressing high prices within the next hour, when he is expected to say that one key way to fight inflation will be lowering the cost of moving goods through supply chains.
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