May CPI Report: Lower Inflation Spurs Bitcoin Price Uptick

The latest U.S. Consumer Price Index (CPI) for May 2024 rose 3.3% annually, slightly below the forecast of 3.4% and April’s figure. This continues the trend seen in recent months, with the CPI hovering around the 3.3% to 3.5% range. Month-over-month, the CPI increased by 0.31%, reaching a value of 313.21. Notably, this month’s CPI […] source: https://coinedition.com/may-cpi-report-lower-inflation-spurs-bitcoin-price-uptick/