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US Inflation Jumps to 39-Year High of 6.8% in November; Bitcoin Falls

Prices for bitcoin, seen by a growing number of investors as a hedge against inflation, jumped 2% after the CPI report from the U.S. Department of Labor’s Bureau of Labor Statistics.

By Lyllah Ledesma

Updated May 11, 2023, 3:41 p.m. Published Dec 10, 2021, 10:44 p.m.

Consumer Price Index Report (CPI report) data shows fast rise in inflation. (Bureau of Labor Statistics)