U.S. September CPI 3.0% ↑…Short of market expectations

Son Min

Summary

The U.S. September CPI increase was 3.0%, falling short of market expectations (3.1%).
Core CPI was also 3.0%, below experts' forecast (3.1%).
On this news, Bitcoin (BTC) temporarily rebounded and was trading at 111,500 dollars, up 2.39% from the previous day.

The U.S. September Consumer Price Index (CPI) increase slightly fell short of market expectations.

On the 24th (local time), the U.S. Department of Labor said last month's CPI was up 3.0% year-on-year. This is slightly below the market forecast (3.1%). Compared with August this year (2.9%), the increase widened by 0.1 percentage point.

Month-on-month it rose 0.3%. That is 0.1 percentage point lower than experts' forecast (0.4%). Compared with the previous month, August's rate (0.4%), the increase narrowed by 0.1 percentage point.

Core CPI, which excludes volatile food and energy, rose 3.0% from a year earlier. This figure is below the experts' forecast (3.1%). It was the same increase as August's rate (3.1%). Month-on-month it rose 0.2%.

On this news, Bitcoin (BTC) momentarily rebounded and surpassed the 112,100 dollars level. As of 9:36 PM, on the Binance USDT market, Bitcoin was trading at 111,500 dollars, up 2.39% from the previous day.

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