Cryptocurrency prices slid again in early morning trading on Thursday when the Bureau of Labor Statistics released the U.S. consumer price index (CPI) for September.
For September, CPI rose 0.4% to 8.2% over the past 12 months. This was higher than the 8.1% that the market was anticipating. In addition, core CPI, which doesn’t include energy and food prices, rose 0.6%. Although this was the same increase as the month of August, this, too was higher than expected. With a 12-month rise of 6.6%, core CPI is now at the highest level it’s been at since 1982.