US PPI Inflation Cools To 2.2%, Crypto Market Recovery Ahead?

Quick Summary:

The global financial market, let alone the crypto market, was eagerly waiting for the US Producer Price Index (PPI) data for cues on inflation.

The latest data showed that the US PPI inflation cooled to 2.2% in July, from 2.7% in the prior month.

Simultaneously, on a year-over-year (YoY) basis, the inflation was 2.2%, after it came in at 2.7% in June.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Rupam Data Latest Showed Recovery Cools Crypto Financial Market July Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 12:44:29 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 45 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22065023

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 17 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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