The US Bureau of Labor Statistics has announced the Consumer Price Index (CPI) for June. The headline annual CPI inflation was reported at 3%, surpassing the market's consensus of 3.1%. Likewise, the core CPI inflation year-on-year (YoY) saw an increase of 3.3%, outperforming the anticipated 3.4%. This data is significant for the blockchain industry, particularly for algorithmic stablecoins, as these digital assets are designed to mirror the value of a stable asset, such as the US dollar. Changes in inflation can impact the stability of these coins. However, the impact on other blockchain sectors like public chains, NFTs, and GameFi is less direct but still noteworthy as overall economic health can influence investor sentiment in these areas.