Early Q1 2023 Crypto Prices Rally On Favourable US Inflation Data

Early Q1 2023 Crypto Prices Rally On Favourable US Inflation Data


ZyCrypto
2023-01-20 20:41:49

Thursday, January 12, 2023, saw the release of December 2022 US inflation figures by the Bureau of Labor Statistics. The Consumer Price Index (CPI) dropped by 0.1% in December 2022 largely due to declines in both the gasoline and energy indices. Annual Headline CPI rose by 6.5% and the December 2022 unemployment rate was down