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CPI inflationCoinGape
•Business
Business & Economics
63% Informative
US CPI inflation comes in at 2.4% , down from the market expectations of 2.6% .
Bitcoin price jumped nearly 8% following the release, indicating growing investors' confidence.
Core CPI, which excludes food and energy prices, was at 0.1% in March , down from 0.2% recorded in the prior month .
Year-over-year figure cools to 2.8% from 3.1% , while inflationary pressure cools from 3% in February .
This is one of the most crucial economic data that the US Central Bank considers for their monetary policy.
VR Score
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English
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