Editor's PiCK
US January Consumer Prices Rise 3.0% YoY, Exceeding Wall Street Expectations
Son Min
Summary
- The U.S. January Consumer Price Index rose by 3.0% year-on-year, exceeding Wall Street's expectations.
- The Core CPI also surpassed Wall Street's expectations, rising by 3.3% year-on-year.
- After the announcement, Bitcoin prices recorded a decline.
The Consumer Price Index (CPI) in the United States for January rose by 3.0% year-on-year.
According to the U.S. Department of Labor's announcement on the 12th (local time), the U.S. January CPI increased by 3.0% year-on-year and 0.5% month-on-month. These figures slightly exceeded Wall Street experts' expectations (2.9%, 0.3%).
The Core CPI, excluding food and energy, also rose by 3.3% year-on-year and 0.4% month-on-month, surpassing Wall Street's expectations (3.1%, 0.3%).
After the CPI announcement, Bitcoin fell. Bitcoin, which was trading at around $96,400 before the announcement, dropped to about $94,500.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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