On Thursday morning, there was some very encouraging news about the rising price level, which has already affected ordinary Americans. The consumer cpi index (CPI), a key economic data that measures changes in the average price consumers charge for a variety of goods or services, fell sharply in December to its lowest level in nearly a year. The latest CPI reading is 6.5%, which further confirms the position that inflation is already falling, and inflation may become a metal catalyst for fluctuating asset prices such as BTC (BTC).

The US CPI reports an inflation rate of 6.5%

Excluding electricity, energy, food and other factors such as price adjustment, the key CPI rose 0.3% year-on-year, in line with the actual market forecast. The 6.5% increase in September was the main increase since August 1982. According to the index closely watched by the US Labor Audit Office, the consumer price index basically rose the least in 15 months, so the Fed meeting is likely to further reduce its enforcement of interest rates in the United States.

Prices also dropped sharply compared with the same period last year, with prices of motor gasoline, public utility services, medical and health services and used cars falling in all directions. The price increase in the restaurant is softer than expected, and the value of the new car remains the same.

Market performance

The stock index fell as the consumer price report in December confirmed investment analysts' predictions of a slowdown in inflationary pressures. The stock index futures contract, which tracks the Dow Jones industrial index, rose 28 points, or 0.1%. S & P 500 index futures fell 0.1%. Nasdaq 100 index futures fell 0.2%.

On the other hand, the response to login password sales market has been mixed. The price of BTC (BTC) is struggling at $18304, down 0.02% in the past hour and up 4.88% in the past 24 hours. At the time of writing, the price of ETH reached the price of US $1405.

For additional information, please refer to:Login password market has mixed reactions to CPI inflation data in December.

The surge in inflation in the spring of 2021 was caused by a combination of factors that caused prices to rise to their highest level since the beginning of stagflation in the 1980s. The COVID-19 epidemic led to an imbalance between supply and demand, Russia's invasion of Ukraine harmed energy demand, and trillions of dollars of fiscal bureau and loan currency stimulus measures caused sufficient assets to reduce the pursuit of products mired in the supply chain crisis.