usinflationdata

US inflation hits highest level since May 2023.
Core CPI inflation rises to 2.8%.
Bitcoin price falls 0.5%, trading around $81,000.
$BTC #USInflationData

#USInflationData
Inflation is now rising faster than wages for the first time in nearly three years. Over the past year, consumer prices increased by 3.8%, but wages only went up 3.6%, causing many Americans to lose purchasing power and face more financial strain.

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#USInflationData
U.S. inflation increased to 3.8% in April, exceeding expectations, mainly due to rising gas prices caused by the Iran war.

Higher energy costs are also pushing up prices for transportation, food, and manufacturing, raising concerns that inflation could become more widespread and hurt consumer spending.

President Trump expressed support for a temporary suspension of the federal gas tax to help drivers, as average gas prices have jumped to around $4.50 per gallon, up from $3.14 a year ago.

US Inflation (May 12): CPI data drops today. Expect volatility in #BTC and #ETH. Higher inflation = Bullish for "Store of Value" assets. 📈 #CPIdata #USInflationData

🚨🚨 BREAKING NEWS — #TRUMP :
The Fed will not lower rates until inflation hits our target — that's final.
Jerome Powell serves at the pleasure of no one but the American economy.
We don't need cheap money, we need strong money.
$TRUMP
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