Core CPI in U.S. Drops to 2.8%, Marking a Significant Inflation Slowdown
In a surprise move, U.S. President Donald Trump announced the suspension of tariffs on most countries, a decision that comes as tensions with China continue to escalate.
The announcement had a positive effect on Bitcoin and altcoins, pushing BTC above the $82,000 mark.
Despite the uptick in cryptocurrency prices, investors remain cautious, especially with critical inflation data released today. This data will likely influence the Federal Reserve’s decisions on interest rates in the coming months.
READ MORE: Pakistan Explores Bitcoin and AI to Leverage Surplus Power for Economic Growth
The newly revealed figures are as follows:
- Annual Consumer Price Index: 2.4% (forecast: 2.5%, previous: 2.8%)
- Monthly Consumer Price Index: -0.1% (forecast: 0.1%, previous: 0.2%)
- Annual Core Consumer Price Index: 2.8% (forecast: 3.0%, previous: 3.1%)
- Monthly Core Consumer Price Index: 0.1% (forecast: 0.3%, previous: 0.2%)
These numbers indicate a slight dip in inflation, with the core CPI falling below 3% for the first time since March 2021, signaling a potential shift in the U.S. economy.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
