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Preparing For The CPI Reading: Market Braces For Volatility


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The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Markets Prepare For CPI Surprise

The U.S. Producer Price Index (PPI) data was released on October 12, 2022, a day before the highly anticipated consumer price index release the following morning. In short, it’s not a good sign for those expecting a below-consensus CPI beat. Although headline PPI is coming down, the month-over-month (MoM) growth came in higher than expected at 0.4% (consensus: 0.2%) and the headline annual change came in at 8.5%. PPI has less of an impact on immediate market moves compared to the CPI as it doesn’t account for inflationary costs being passed on to the end consumer. Still, it’s an inflationary measure that gauges if businesses are facing accelerated prices and tends to move in the same direction as CPI.



Read More: Preparing For The CPI Reading: Market Braces For Volatility

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