US inflation data for January was announced at 13:30 UTC, just before the stock market opened. In January, inflation in the US occurred at an annual rate of 3.1%, while monthly inflation stood at 0.3%. Economists had predicted a decrease in the annual consumer price inflation from December’s 3.4% to 2.9%. The decline in inflation The post BTC Spikes Despite US Reports Higher Than Expected Inflation in January appeared first on Coin Edition .