Inflation in the US has accelerated. Bitcoin reacted with muted sales

Jerome_Powell-min
Jerome_Powell-min

The news is being updated

Growth in US consumer prices excluding fuel and food in annual terms slowed from 4.7% to 4.3% in July, which was above market expectations. Bitcoin rolled back to $26,000, losing all of its daily growth.

On a monthly basis, prices rose by 0.3% against 0.2% in June and the same expectations of economists.

The growth of overall inflation, including the above-mentioned volatile components, amounted to 3.7% in annual terms and 0.6% in monthly terms. The previous figure was 3.2% and 0.2%, respectively.

Analysts predicted figures at 3.6% y/y and 0.6% m/m (the largest jump since the beginning of the year).

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