http://www.bloomberg.com/news/2014-05-15/inflation-soars-in-the-bitcoin-consumer-price-index.htmlSlightly bizarre way of reporting on the price action.
In December, using bitcoin to pay for a cold Corona at New York City's Old Man Hustle bar was a smart move. With the digital currency up 64-fold for the year, patrons got lots of bitcoin bang for their beer. Bitcoin-priced goods were experiencing "massive deflation," ... ... And now? The price of a bitcoin is around $442 on CoinDesk, down more than 40 percent from the start of 2014. Bitcoin brew-buying isn't nearly as attractive, as massive inflation takes root with items priced in the digital currency. For example, in December one bitcoin bought about 128 Coronas at the Lower East Side bar, not counting tax. It would buy about 74 beers today