US CPI Inflation May 2022

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U.S. consumer inflation CPI in May 2022 reached its highest level in more than four decades

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Consumer price index (CPI) inflation data - rate’s Acceleration from 8.3% y/y in April to 8.6% in May 2022

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Consumer price index (CPI) inflation data increased due to surging energy and food prices which pushed CPI higher

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Most Stocks in the United States NYSE amd Nasdaq plummeted. The Dow Jones Industrial Average dropped approximately 750 points, or 2.3 percent

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S&P 500 and the Nasdaq Composite both fell 2.6 percent and 3.2 percent, respectively, as technology stocks fell with banks and consumer stocks.

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All Crypto Prices dip after the Inflation CPI data report. Bitcoin declined 3.8% to $28,990,Ethereum slipped 7% to $1,676

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