November Inflation Data Fell Below Expectations

Consumer Price Index for November Announced

In the United States, the Consumer Price Index (CPI) increased by 2.7% in November. This figure was above economists' expectations, which were anticipated to be 3.1%.

Additionally, the core inflation rate decreased to 2.6%, remaining below expectations of 3%. This situation led to varied reactions in the markets. Bitcoin garnered attention by increasing its early gains following this news.