After the CPI data that was announced yesterday and came under expectations, data on the Producer Price index were announced today.
The data disclosed is as follows:
- Producer Price Index (PPI) (YoY): 0.8% | Expectation: 0.7% | Previous 0.1%
- Producer Price Index (PPI) (MoM): 0.3% | Expectation: 0.2% | Previous 0.1%
- Core Producer Price Index (PPI) (YoY): 2.4% | Expectation: 2.3% | Previous 2.4%
- Core Producer Price Index (PPI) (MoM): 0.3% | Expectation: 0.2% | Previous 0.1%
First Reaction of Bitcoin and DXY!
After the incoming PPI data, the first reaction of Bitcoin and Dollar was as follows:
The inflation data announced yesterday came below expectations, but did not provide a significant increase in the price of BTC.
*Not investment advice.
