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US Inflation Rises to 7.9% in February, Fresh 4-Decade High

Bitcoin, seen by some investors as a hedge against rising prices or dollar devaluation, was little changed after the Consumer Price Index (CPI) report, which closely matched economists' expectations.

Inflation in the U.S. hit a fresh four-decade high of 7.9% in February. (Art Institute of Chicago, modified by CoinDesk)
Inflation in the U.S. hit a fresh four-decade high of 7.9% in February. (Art Institute of Chicago, modified by CoinDesk)