Hello everyone! Today we expect the release of inflation data for the USA (15:30)
🟰Core Consumer Price Index (Core CPI) m/m (April)
Forecast: 0.3%
Previous value: 0.1%
🟰Overall Consumer Price Index (CPI) y/y (April)
Forecast: 2.4%
Previous value: 2.4%
🟰Overall CPI m/m (April)
Forecast: 0.3%
Previous value: -0.1%
Now let's briefly go through each of them so you can better understand how these indicators may affect the crypto market⬇️
1️⃣ Core CPI (m/m)
The forecast suggests an acceleration of core inflation from 0.1% to 0.3%. This may indicate an increase in inflationary pressure in key sectors (excluding food and energy).
2️⃣ Overall CPI (y/y)
The forecast at 2.4% indicates stability on an annual horizon, but without progress in reducing inflation to the target of 2.0%.
3️⃣ Overall CPI (m/m)
A rebound in inflation is expected after an unexpected decline last month. From -0.1% to +0.3% — this is a sharp turnaround that the market will evaluate closely.
