April had the fastest CPI rise since 2008

Consumer prices leaped 4.2% The Consumer Price Index for April leaped 4.2%, the fastest since 2008. [Bitcoin IRA] [Bitcoin IRA] [Inflation]( The Consumer Price Index for April leaped 4.2%, the fastest since 2008. Inflation accelerated at its fastest pace in 12 years last month. In a survey, Dow Jones expected only a 3.6% increase, but the actual increase was [4.2%](. The month-to-month expected gain was 0.2%, but the actual was 0.8%. The core CPI, excluding food and energy prices, went up 3% from the same period in 2020 (the expected was 2.3%) and 0.9% monthly (the expected was 0.3%). The monthly gain in core inflation is the largest its been since 1981. There has been a [49.6%]( increase in price for gasoline and 37.3% increase in price for fuel oil. Overall, energy prices jumped 25% from the previous year. Used car and truck prices, a key inflation indicator, jumped 10% in April alone. In addition to inflation being higher than expected, job growth has been lower than expected. The U.S economy [added just 266,000 jobs]( last month vs. the estimate which was 1 million jobs or higher. With inflation skyrocketing, the US dollar is losing value. Americans may be catching onto the benefits of investing in alternative assets like crypto as some see cryptocurrencies as a [hedge against inflation](. According to a survey by NYDIG, about [46 million Americans own some Bitcoin](. That’s about 17% of the adult population. Of those who don’t own Bitcoin, 55% said they would consider adding crypto to their portfolio. These numbers highlight how cryptocurrencies are continuing to be more widely accepted. This potentially means the rising inflation rates could help make Bitcoin more mainstream. Have you diversified your portfolio yet? Consider investing today. [FINISH MY ACCOUNT]( --------------------------------------------------------------- Alternative IRA Services, LLC dba Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. Self-directed purchases processed through Bitcoin IRA have not been endorsed by the IRS or any government or regulatory agency. Bitcoin IRA is not an adviser. Information contained on this website is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. Due to market variations, price quotations and predictions are subject to change. No pricing guarantees are expressed or implied. All information contained here including quoted prices are for informational purposes only and do not constitute an offer. Cryptocurrencies are very speculative and involve a high degree of risk. By using the website, you understand the information being presented is provided for informational purposes only and agree to comply with our Terms of Use and Privacy Policy. 15303 Ventura Blvd Ste 850 Sherman Oaks, CA 91403 [Unsubscribe](