The consumer price index (CPI) for the U.S. in May rose by 0.1%, falling short of the expected 0.2%.
Core CPI also fell short of expectations.
Following this news, Bitcoin rose in just a few minutes.
According to the U.S. Bureau of Labor Statistics, the CPI rose by 0.1% in May. Economists had predicted a rise of 0.2%, and the figure for April was 0.2%.
Compared to the previous year, the CPI rose by 2.4%. The forecast was 2.5%, and the figure for April was 2.3%.
The core CPI, excluding the volatile food and energy, rose by 0.1% in May. The forecast was 0.3%, and the figure for April was 0.2%. Year-on-year, it increased by 2.8%. The