Shiba Inu Coin price has lost 1.3% in the last hour to $0.0000094 during US business hours on Tuesday. Bitcoin price is also bleeding albeit slightly, trading below $49,200 after the release of the Consumer Price Index (CPI) data in the US.
Shiba Inu Coin Price, Bitcoin Tumble As CPI Increases
The latest data from the Labor Department show a spike in inflation, exceeding expectations. High shelter prices stood out with the CPI — a measure of the prices consumers pay for goods and services surged 0.3% in January, the Bureau of Labor Statistics announced on Tuesday.
Narrowing the outlook on a yearly basis, the CPI fell to 3.1% from 3.4% reported in December. Market watchers survey by Dow Jones anticipated a monthly surge of 0.2% alongside a 2.9% rise annually.
Core CPI, which excludes the unstable prices of food and energy, rose by 0.4% in January and matched the 3.9% annual increase from December. These figures were higher than the expected 0.3% and 3.7% respectively.
US CPI chart |
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