The cost of living in the U.K. surged to 10.1% in July, a government report showed Wednesday, providing the first instance of double-digit inflation in a major economy post-COVID-19 and presenting a fresh sign of price pressures spreading around the world. The report could bring more urgency to economic discussions among crypto analysts, because inflation has underpinned a key bitcoin (BTC) market narrative for the past couple years. John Silvia, a former chief economist for Wells Fargo who founded Dynamic Economic Strategy, said that faster inflation in the U.K. could exacerbate price pressures elsewhere, including ... (full story)