Bitcoin (BTC) News and Inflation Updates: US CPI Dips to 2.5%
Wednesday, 11 September 2024, 05:59
Bitcoin (BTC) News Responds to Inflation News
The US Consumer Price Index revealed that inflation dropped to 2.5% in August, down from 2.9% in July. Bitcoin's subdued response suggests that markets had already priced in the positive news.
US Inflation Analysis: Key Report Highlights
- 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 expected inflation to rise by 2.6% YoY in August, a slower pace than July's 2.9%, while predicting core CPI to remain steady at 3.2%.
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.