By CryptoPotato | Created at 2026-09-11 14:07:24 | Updated at 2026-09-20 06:25:10
1 week ago
The CPI data came just a day after the PPI report - both showing inflation is still persistent.
Somewhat expected, bitcoin’s price dived once again on Friday after the United States Bureau of Labor Statistics released the Consumer Price Index data for August, which matched expectations to a large degree.
The regular CPI showed a 3.4% year-over-year increase, which is exactly as anticipated. The monthly increase is 0.4% – again, as expected.
The core CPI, which excludes more volatile sectors like food and energy, showed a 2.4% YoY jump. The only minor difference from expectations was the core CPI monthly increase of 0.3% versus the anticipated 0.2% bump.
BTCUSD September 11. Source: TradingViewBTC’s reaction is rather interesting. As the chart above shows, it immediately dumped after the news went live by roughly a grand. However, it recovered just as quickly to over $77,000 as of press time.
This was the second inflation report of the week after yesterday’s release of PPI data. It showed a more notable jump of 5.4%.
With the conclusion of this week, meaning that all inflation data has been announced, all eyes have now turned to the United States Federal Reserve. The central bank will hold its next FOMC meeting on September 15-16, with the interest rate decision announced on the second day.
Current odds indicate that experts expect the Fed to hike rates by 25 bps.
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About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
