#CryptoCPIWatch The Consumer Price Index (CPI) of the United States has shown a fluctuating trajectory in the first months of 2025. In January 2025, the CPI surprised on the upside, recording a monthly increase of 0.5% and an annual rate of 3.0%, exceeding market expectations. This increase, the largest since June 2024, was mainly driven by housing costs, automobile insurance, and airfares, which generated caution in the Federal Reserve regarding future interest rate cuts.

However, in February 2025, a moderation of 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 possible containment of inflationary pressures.

By 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 indicates a rebound in inflation, with a 0.2% increase in the CPI after the drop in the previous month.

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

This suggests that, while inflation has significantly slowed since 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.