India, Feb. 13 -- Cryptocurrencies are trading firmly in the green despite negative surprises in the latest inflation updates from the U.S. Consumer price inflation readings released on Wednesday and producer price inflation update released on Thursday showed price pressures at both the factory gate and at the consumer's end.
Data released by the U.S. Bureau of Labor Statistics just a while ago showed producer price inflation on a month-on-month basis at 0.4 percent versus an upwardly revised 0.5 percent in December. Markets had anticipated a reading of 0.3 percent only. The core PPI recorded a level of 0.3 percent as expected, versus 0.4 percent in December. The annual reading which was seen at 3.2 percent disappointed with a reading of 3...