Due to rising prices of used cars, the US saw inflation hit its highest level in 13 years in June.Consumer prices increased 5.4% over the 12 months till June. This is an increase of 5% as compared to the previous month. It was the largest increase since August 2008.Read: Bank of America Approves Bitcoin Futures TradingBecause of high inflation, Federal Reserve will be under pressure to tighten its monetary policy sooner than anticipated. This could slow down a consumer-driven recovery and increase demand for higher wages.The US Labor Department has released its most recent report. It shows that consumer prices increased 0.9% in June. This is more than economists expected and the largest monthly gain since June 2008.Read: Microstrategy CEO Michael Saylor: \u201cBitcoin Is Big Tech Network Without Company\u201dJeroen Blokland Said:BREAKING! US core #inflation rose to 4.5% in June, higher than expected and the highest level since 1991. Headline #CPI also higher than expected at 5.4%! pic.twitter.com\/yIiBuYSZ53- jeroen blokland (@jsblokland) July 13, 2021Inflation is rising, so it makes sense that people will look for a source that is a hedge against Inflation. The bitcoin community is urging the public to buy BTC to avoid inflation.Read: Twitter And Square CEO Jack Dorsey Confirms Square Is Building a Bitcoin Hard WalletWhalePanda on Twitter said, Economists are shocked on rising inflation but not BTC Twitter community:\u201cInflation is 5.4%, highest in 13 years. Economists are shocked. Bitcoin twitter isn\u2019t surprised at all. Guess who understands the economy better.\u201dInflation is 5.4%, highest in 13 years.Economists are shocked.Bitcoin twitter isn\u2019t surprised at all.Guess who understands the economy better.- WhalePanda (@WhalePanda) July 13, 2021Bitcoin achieves urge to buy BTC:* US Inflation rising 3 months in row!* 5.4% and the highest in 13 years.Buy #Bitcoin – Bitcoin Archive (@BTC_Archive) July 13, 2021Scott Conger, Mayor of Jackson City (Tennessee\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Due to rising prices of used cars, the US saw inflation hit its highest level in 13 years in June.Consumer prices increased 5.4% over the 12 [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/4973"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=4973"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/4973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=4973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=4973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=4973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}