A critical data release is imminent, and it has the potential to shake up the cryptocurrency market in a big way. This isn’t your average economic report – this information could be the difference between soaring profits and unexpected losses for your crypto holdings.
Is it time to celebrate or brace for impact? Read on to find out!
1. US Inflation Indexes: A Short Intro
US Inflation indexes measure changes in the prices of goods and services over time. They provide valuable data for understanding inflationary trends in the economy. These indexes help policymakers, businesses, and individuals gauge the rate of inflation and its impact on purchasing power and overall economic stability.
2. Key Inflation Indexes to be Released Soon
Here are the key inflation indexes to be released this month.
- US Core Inflation Rate MoM
Measures monthly change in overall prices, excluding volatile food and energy costs, providing insight into underlying inflation trends.
- US Core Inflation Rate YoY
Tracks year-over-year change in core inflation, offering a long-term view of price stability, unaffected by short-term fluctuations in food and energy prices.
- US Inflation Rate MoM
Reflects monthly change in overall consumer prices, including food and energy, capturing short-term fluctuations in inflationary pressures.
- US Inflation Rate YoY
Indicates year-over-year change in overall consumer prices, providing a broader perspective on inflation trends, inducing long-term effects.
- US CPI
Measures the average change over time in prices paid by urban consumers for a basket of goods and services, representing the overall cost of living.
- US CPI S.A
Seasonally adjusted version of CPI, removing the effects of seasonal variations, offering a clearer view of underlying inflation trends.
- US PPI
Tracks changes in prices received by producers for goods and services, serving as an indicator of inflationary pressures in the production process.
- US PPI MoM
Measures monthly change in producer prices, providing insight into short-term fluctuations in input costs for producers.
- US Core PPI MoM
Indicates monthly change in producer prices, excluding volatile food and energy costs, offering a clearer picture of underlying inflationary pressures in production.
- US Core PPI YoY
Tracks year-over-year change in core producer prices, providing a long-term view of inflationary trends in the production sector, unaffected by short-term fluctuations.
3. Historical Analysis of Major Inflationary Indexes
Let’s do a historical analysis of each inflation index.
3.1. US Core Inflation Rate MoM: Historical Analysis
At the beginning of the year, the US Core Inflation Rate MoM was around 0.392%. It saw a decrease in February, to 0.358%. In March, it slightly increased to 0.359%. The forecast is that it will be 0.3% this month.
3.2. US Core Inflation Rate YoY: Historical Analysis
At the beginning of the year, the US Core Inflation Rate YoY was around 3.9%. In February, it decreased to 3.8%. In March, it saw no change, as it remained around 3.8%. The forecast is that it will come down further to 3.7%.
3.3. US Inflation Rate MoM: Historical Analysis
In January 2024, the US Inflation Rate was around 0.3%. It saw a major increase in February when it grew from 0.3% to 0.4%. In March, it showed no change, as it remained in the 0.4% level. The forecast is that this month it will come down to 0.3%.
3.4. US Inflation Rate YoY: Historical Analysis
In January 2024, the US Inflation Rate YoY was around 3.1%. It slightly raised to 3.2% in February. In March, it sharply increased to 3.5%. The prediction is that it will remain at the 3.5% level this month also.
3.5. US CPI: Historical Analysis
In January 2024, the US CPI was around 308.417 points. Since then, it has been consistently growing. In February, it reached the mark of 310.326 points, and in March, it touched the level of 312.332 points. The forecast is that it will cross 313.9 points this month.
3.6. US CPI s.a: Historical Analysis
In January 2024, the US CPI s.a was nearly 309.685 points. Since then, the rate has been steadily increasing. In February, it crossed the mark of 311.064 points. In March, it reached the level of 312.23 points. The prediction is that the trend will continue as such pushing it to the mark of 313.2 points.
3.7. US PPI: Historical Analysis
In January 2024, the US PPI was roughly 142.676 points.
