Consumer price growth in the US slowed from 4.9% to 4% year-on-year in May, falling below the forecast of 4.1%. Bitcoin tested $26,400, with daily growth rates reaching 1.7%. Month-on-month, prices increased by 0.1% compared to 0.4% in April, in line with economists' expectations.
The growth of core inflation, which excludes food and energy prices, stood at 5.3% year-on-year and 0.4% month-on-month. The previous figures were 5.5% and 0.4% respectively. Analysts had predicted figures at 5.2% year-on-year and 0.4% month-on-month.
The data released by the US Bureau of Labor Statistics (BLS) have sparked mixed reactions among investors. Risk appetite on global markets has been unstable, with stocks attempting to extend the rally of previous days. Bitcoin has retreated to its initial positions.
