Originally published at: Bitcoin Briefly Pumps As US Inflation Breaks Another 40-Year High (cryptopotato) – We Never See Nothing
The US Bureau of Labor Statistics (BLS) unveiled the Consumer Price Index (CPI) reading for March 2022 earlier today. It showed year-over-year inflation at 8.5%, breaking another 40-year high. The CPI tracks the prices of common consumer goods in the United States, such as food, energy, shelter, and transportation. The BLS updates monthly CPI figures…