Are Falling US Wholesale Prices Good for Bitcoin? | Crypto Craft

  • Are Falling US Wholesale Prices Good for Bitcoin?

    From decrypt.co

    The price of wholesale goods and services fell more than expected in December, further evidence that a decades-high bout of inflation continues to subside amid a recent rebound in cryptocurrency prices. The Producer Price Index (PPI) for final demand fell 0.5% in December, the U.S. Bureau of Labor Statistics said Wednesday, beating analyst expectations of a 0.1% decrease. It was the largest decline on a monthly basis since April of 2020. The index, which tracks price changes in what U.S.-based suppliers are charging businesses and other consumers, showed prices rose 6.2% in 2022, substantially lower than 10% in 2021.

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raklian
Jan 18, 2023 4:11pm
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They don't matter as long as wages are generally resilient and the Fed hammering on the fact they're not going to relent until inflation gets back to 2%.
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