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Join Our Telegram channel to stay up to date on breaking news coverage The inflation rate in the United Kingdom is at 10.1%, according to the data released by the UK Office for National Statistics (ONS). The Consumer Price Index increased to 10.1% in September 2022 from 9.9% in August. UK inflation hits 10.1% The data released by ONS further explained that food prices had contributed to the rise in inflation rates between August and September 2022. The ongoing war in Ukraine has caused a rise in grain prices, while the cost of dairy products has increased by more than 30% within one year. The recently released inflation` data has caused a stir in the British Bitcoin community. The CEO of UK-based Bitcoin Collective, Jordan Walker, believes that the current policies introduced by the Bank of England and the government have triggered double-digit inflation. Therefore, people in the UK needed to learn more about what was happening to their money. One of the recommendations mad...

Shiba Inu falls to its 4-month lows days after the CPI data shows inflation in the US at 8.2%. The inflation rates are down 0.4% since last month indicating that the Feds interest rate hikes to combat inflation isn’t working. Shiba Inu fell to $0.000009385 in its day’s lows touching its June 2022 levels. However, the crypto has slightly managed to come out of its 4-month lows on Friday after spiking 8% in the indices. Nonetheless, SHIB is still hovering at its lower levels of June 2022. Also Read: Shiba Inu: Will Shibarium Burn 100 Trillion Tokens? Shytoshi Responds Source: TradingView.com Friday’s bottom is the lowest level that Shiba Inu traded since June 21 this year. If the markets shed their gains during the weekend, SHIB could fall below its 4-month lows . Is This The Right Time To Accumulate Shiba Inu? The global economy is weak and both the stock and crypto markets traded in the red in October. Inflation is not brought under control despite mul...