CPI inflation in the US slowed to 0.1% in May, while Bitcoin increased.

The U.S. Consumer Price Index (CPI) for May increased by only 0.1%, which is lower than expected. In comparison, it rose by 0.4% in April. This information was provided by the Bureau of Labor Statistics. Economists predicted a rise of 0.2%.

On a year-over-year basis, the CPI slowed to 4.0% in May from 4.9% in April, which is lower than the expected 4.1%.

The core CPI, which does not include volatile items such as food and energy costs, increased by 0.4% in May, which is in line with expectations. It also rose by 5.3% year-over-year, which is a decrease from April’s 5.5% and in line with the expected 5.3%.

The price of Bitcoin (BTC) rose by almost 1% to $26,375 after the report was released.

This recent news about inflation comes one day before the U.S. Federal Reserve’s monetary policy meeting. Prior to this morning’s numbers, market participants had priced in about a 76% chance that the Fed would pause the series of rate hikes that had been happening since March 2022. After the news was released, the chance of a pause increased to 79%.

Looking at traditional markets, stock index futures are not showing significant changes and remain modestly higher following Monday’s substantial gains. The 10-year Treasury yield has decreased by three basis points to 3.71%, while the two-year yield has decreased by six basis points to 4.51%.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


BTC Ecological Renaissance Ordinals bring innovative vitality, BitVM and BitStream emerge one after another

During celebrations, which technologies and innovations within the BTC ecosystem are worth paying attention to?


Whales purchased $388M worth of Bitcoin prior to Grayscale-SEC announcement.

Bitcoin price surges above $28k following Grayscale's victory over the US SEC. On-chain data reveals whales acquire $...


Can ETH futures-based ETFs reverse Ethereum's price compared to Bitcoin?

The Ethereum price has experienced a slight dip in comparison to the dominant Bitcoin, but it remains resilient amids...


ARK Invest's CEO believes that the SEC may approve several spot Bitcoin ETFs at the same time.

Cathie Wood's optimistic remarks have led to speculation that the SEC could potentially approve multiple Spot Bitcoin...


Bitcoin Crashes to $8,000 Due to 'Inconsequential' Mistake

Bitcoin is recognized as a dynamic digital asset with a tendency for unpredictable price fluctuations, offering oppor...


Speculating on the growth potential of BTC through the trend of gold ETFs and the US financial environment

Before the launch of BTC spot ETF, there will be at least one month of continuous price increases. However, in the mo...