Ethereum, XRP, PI fall as US PPI inflation reaches 6.5%
Ethereum, XRP, and Pi Network traded under pressure on Nov. 13, with ETH below $2,000 and XRP near $1 as US producer inflation reached 6.5% annually. According to the Bureau of Labor Statistics’ October report, producer prices rose 0.3% during…
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Inflation
The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.
When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.
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