#CryptoCPIWatch

U.S. Consumer Price Index (CPI) for April revealed an annual inflation rate of 2.3%, the lowest since February 2021, according to the Bureau of Labor Statistics. This decrease from 2.4% in March, with a monthly increase of 0.2%, reflects a deceleration in inflation, driven by drops in gasoline prices (-6.3%) and vehicle insurance costs. However, food prices rose by 0.4%, with eggs soaring 60% annually due to avian influenza outbreaks. The core CPI (excluding food and energy) remained at 2.8%. This figure, better than expected (2.4%), boosted Bitcoin to $104,000, raising expectations for Fed rate cuts, although Trump's tariffs could reignite inflation in the future.