U.S. inflation comes in above estimates

The latest CPI data shows that U.S. inflation came in above estimates, posting an 8.3% jump in August, higher than the previous month.

U.S inflation came in at a +0.1% month-on-month increase since July and up 8.3% year-on-year bump.

Estimates called for a reading of 8% year-on-year, down from the 8.5% in July, and drop of 0.1% month-on-month.

Reacting to the Inflation news, Bitcoin plunged below $22,000 on the news, trading at $21,816.

Leave a Reply

Your email address will not be published. Required fields are marked *