---
title: "Bitcoin Unfazed as CPI For July Increases by 0.2% MoM"
url: https://diffcoin.com/bitcoin-unfazed-as-cpi-for-july-increases-by-0-2-mom/
description: "July's CPI announcement didn't do much to BTC's price this time."
published: 2023-08-10
updated: 2023-08-10
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Unfazed as CPI For July Increases by 0.2% MoM

The numbers for July’s Consumer Price Index are here. The market has failed to react as Bitcoin’s price recorded an ever-so-slight uptick in volatility before calming back down almost immediately.

- The Bureau of Labor Statistics of the United States has just revealed the rate of July’s Consumer Price Index.
- To those unaware, it’s the metric that many people use to gauge the rate of inflation in the country.
- Per the announcement, the Consumer Price Index for All Urban Consumers increased by 0.2%, seasonally adjusted.

> The US [#CPI](https://twitter.com/hashtag/CPI?src=hash&ref_src=twsrc%5Etfw) Numbers for July are in:
> 
> -> CPI +3.2% YoY (EST. +3.3%) 
> -> CORE CPI +4.7 % YoY (EST. +4.8%)
> 
> This time, the news did not drive much movement, with [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) barely climbing by $50! [pic.twitter.com/jwUXDHsygk](https://t.co/jwUXDHsygk)
> 
> — CryptoPotato Official (@Crypto_Potato) [August 10, 2023](https://twitter.com/Crypto_Potato/status/1689616459880636416?ref_src=twsrc%5Etfw)

- This adds up to 3.2% over the past 12 months, not seasonally adjusted.
- The index for all items, excluding food and energy, also increased by 0.2%.

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[Source link](https://cryptopotato.com/bitcoin-unfazed-as-cpi-for-july-increases-by-0-2-mom/)