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Market Braces For Volatility With Upcoming CPI – Bitcoin Magazine


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Below is an excerpt from a recent issue of Bitcoin Pro Magazine, Bitcoin Magazine of Premium market newsletter. To be among the first to get these insights and other online bitcoin market analysis straight to your inbox, follow now.

Market prepares for CPI surprise

US Producer Price Index (PPI) data is due for release on October 12, 2022, the day before the much-anticipated consumer price index release the next morning. In short, that is not a good sign for those who are expecting a CPI beat below consensus. Although the headline PPI is falling, month-on-month growth (MoM) was higher than expected of 0.4% (consensus: 0.2%) and headline annual change was 8.5% . PPI has less impact on instantaneous market moves than CPI because it does not take into account the cost of inflation that is passed on to end consumers. However, it is a measure of inflation if businesses are facing rapidly rising prices and tend to move in the same direction as the CPI.

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