Bitcoin (BTC) News on Inflation Trends: US CPI Declines to 2.5%
Wednesday, 11 September 2024, 05:59
Bitcoin (BTC) news is currently focused on the significant drop in the US Consumer Price Index (CPI), which has fallen to 2.5% from 2.9% in July. This data signals a pivotal moment in inflation news that could impact market dynamics.
Key Highlights from Inflation News:
- US CPI (MoM): 0.2% (previous: 0.2%)
- US CPI (YoY): 2.5% (previous: 2.9%, estimate: 2.5%)
- US Core CPI (MoM): 0.3% (previous: 0.2%, estimate: 0.2%)
- US Core CPI (YoY): 3.2% (previous: 3.2%, estimate: 3.2%)
Economists had predicted an inflation rise to 2.6% YoY in August, maintaining a slower pace compared to July. Bitcoin's muted reaction to this crucial inflation news suggests that traders and investors had anticipated these developments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.