$BTC CPI Report Explanation - June

Report Title: Consumer Price Index (CPI) - May 2024

Date: June 12, 2024 (Wednesday)

Key Points:

Overall Change: CPI for May 2024 remained unchanged compared to April 2024.
Annual Increase: Over the last 12 months, CPI increased by 3.3%.
Food Prices: Increased by 0.1% in May; food away from home increased by 0.4%.
Energy Prices: Decreased by 2.0% in May, with gasoline prices down by 3.6%.
Shelter Costs: Increased by 0.4% for the fourth consecutive month.
Medical Care: Increased by 0.5% in May.
Used Cars and Trucks: Prices rose by 0.6% in May.
Airline Fares: Decreased by 3.6% in May.
Overall Impact: Smaller increase in CPI suggests less inflation pressure, potentially impacting global markets by stabilizing prices and influencing central bank policies.

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