Editor's PiCK
US November Consumer Price Index Rises 2.7% YoY, Meets Wall Street Expectations
YM Lee
Summary
- The US November Consumer Price Index rose by 2.7% year-over-year, meeting Wall Street expectations.
- The Core CPI also rose by 3.3% year-over-year, aligning with expectations and preventing market confusion.
- Bitcoin saw a slight increase following the inflation data release, attracting investor attention.
The Consumer Price Index (CPI) in the United States for November rose by 2.7% year-over-year.
According to the data released by the United States Department of Labor on the 11th (local time), the November CPI in the United States increased by 2.7% year-over-year and 0.3% month-over-month. These figures were in line with Wall Street experts' expectations.
The Core CPI, which excludes food and energy sectors, also rose by 3.3% year-over-year and 0.3% month-over-month, matching the expected figures.
Following the release of the inflation data, Bitcoin (BTC) showed a slight upward trend. Bitcoin, which was trading at $98,200 before the data release, is now trading at $98,900.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
