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US Producer Price Index Reaches 6.5% as Bitcoin and Ether Rise Slightly

(22 hours ago) · 1 source · Summarized by CryptoBipto

The US Producer Price Index (PPI) has reached 6.5%, indicating elevated wholesale inflation. Bitcoin and Ether both moved slightly higher following the release of the data.

WHY IT MATTERS

The Producer Price Index, or PPI, measures how much companies pay for the raw materials and goods they use to make products.

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SOURCES

  • thedefiant.io

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