The latest U.S. Consumer Price Index (CPI) report shows inflation cooled slightly in September, offering fresh signs that price pressures are stabilizing.
According to the Bureau of Labor Statistics, the CPI rose 0.3% month-over-month, down from August’s 0.4% increase. On a yearly basis, consumer prices climbed 3.0%, matching expectations and reinforcing the view that inflation is gradually moving toward the Federal Reserve’s target range.
The core CPI, which excludes food and energy, also rose 0.2%, signaling steady but controlled price growth. Gasoline prices were the largest contributor, jumping 4.1%, while food costs advanced just 0.2%. Energy prices rose 1.5%, offsetting declines in electricity and natural gas. Shelter costs continued to rise at a 0.2% monthly pace, maintaining their position as a key driver of underlying inflation.
Markets reacted swiftly to the data. Bitcoin, which had been trading sideways ahead of the release, saw sharp volatility immediately after the 12:30 UTC report. The chart shows BTC dipping to around $111,000 before rebounding strongly to nearly $111,900 within minutes.
This rebound suggests traders interpreted the CPI as a “goldilocks” print, soft enough to ease fears of further rate hikes, yet strong enough to confirm economic resilience.
As of writing, Bitcoin trades near $111,600, up over 5% for the week, as investors bet that a stable inflation outlook could support risk assets heading into the year’s final quarter.
