The post CPI Report Today: US Inflation Rate Rises To 2.7% appeared first on Coinpedia Fintech News The U.S. Bureau of Labor Statistics has released the latest Consumer Price Index (CPI) data, shedding light on the inflation trend for November. The report indicates a slight increase in CPI to 2.7% , aligning with forecasts and marking a steady path toward financial stability. Cooling US CPI Inflation Data The November inflation rate increased by 0.1%, bringing it to 2.7%, as expected by the forecasted 2.7%. This represents the second consecutive month of rising inflation, from 2.4% in Sept and 2.6% Nov in. Such a consistent rise suggests growing inflation in the US. Experts predict that if inflation continues to rise at this pace, it might pave the way for a rising interest rate cut in December. This potential policy shift could expert burden on various sectors. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto News Today (Dec 11th, 2024): Bitcoin Price Holds at $98k | XRP Climbs 8.31% , Core CPI Insights Core CPI, which excludes the volatile categories of food and energy, ticked slightly higher to 3.3%, aligning with the expected 3.3%. While this marginal increase raises questions, the broader CPI figures highlight progress in tackling inflation. Bitcoin’s Reaction to CPI Data Bitcoin’s price has risen by 2%, reaching $98,859, after briefly surpassing $98,106. Its market cap now stands at $1.95 trillion. Meanwhile, some analysts suggest that Bitcoin could test the $100,000 support level before regaining its upward momentum. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What is CPI Data? CPI data measures the change in the price of goods and services purchased by consumers, indicating inflation trends and cost of living adjustments. What is the CPI Data Release Today Live? The CPI data release today live reflects a 2.7% inflation rate for November, aligning with forecasts and offering insights into U.S. economic stability.
