#CryptoCPIWatch The Consumer Price Index (CPI) of the United States has shown a trajectory with ups and downs in the first months of 2025. In January 2025, the CPI surprised to the upside, registering a monthly increase of 0.5% and an annual rate of 3.0%, exceeding market expectations. This increase, the largest since June 2024, was primarily driven by housing costs, auto insurance, and airfare, which generated caution at the Federal Reserve regarding future interest rate cuts.

However, in February 2025, a moderation in inflation was observed. The CPI dropped to an annual rate of 2.8%, a better-than-expected figure, although it still did not fully reflect the impact of the new tariffs. Core inflation also moderated, generating some optimism about a potential containment of inflationary pressures.

For March 2025, the CPI continued to show a downward trend, with a monthly variation of -0.1%, lower than the anticipated increase. Core inflation also increased at a slower pace than the previous month. The annual inflation rate decreased to 2.4%, below market expectations.

Finally, the most recent data from April 2025 indicate a rebound in inflation, with a 0.2% increase in the CPI following the decline in the previous month.

In summary, the CPI of the United States so far in 2025 has presented a mixed picture. After an unexpected uptick in January, there was moderation in February and March, followed by another increase in April.

This suggests that while inflation has significantly decelerated from its peaks in 2022, some volatility still persists, and the Federal Reserve remains vigilant in its goal of achieving 2% inflation. The evolution of the CPI will continue to be a key factor for monetary policy and the economic outlook of the country.