It has been a long July in this crypto winter, and inflation has heated up more than expected, reaching a 40-year high in June.
The Consumer Price Index (CPI) rose 9.1% year-over-year, the most significant increase since the end of 1981, according to Labor Department data. The CPI increased 1.3% between May and June, the biggest increase since 2005, reflecting rising prices for gasoline, food and shelter.
