Cooling PPI Inflation Data Fails To Trigger A Rally For Crypto Prices Today

The US Bureau of Labour Statistics (BLS) has released the latest data for the Producer Price Index (PPI), revealing figures below industry expectations.

The US Bureau of Labor Statistics (BLS) has released the latest data for the Producer Price Index (PPI), revealing figures below industry expectations. The data showed that US Core PPI fell to 2.4%. This signaled a slowdown in inflation, which could bode well for crypto markets.

However, despite the lower PPI inflation data, cryptocurrency prices are in the red over the last 24 hours. According to CoinMarketCap data, the global market capitalization fell by nearly 2%.

A glance at the charts reveals a decline in BTC, ETH, PI, XRP, and SHIB.

The latest PPI figures showed that the Producer Price Index fell to 0.8% in July, lower than the expected 1% rise and following June's reading of 0.3%. Economists polled by Dow Jones had anticipated a 1% increase in the index.

The report also showed that US Core PPI fell to 2.4% in July, lower than the expected 2.5% decrease and following June's reading of 2.3%. Economists polled by Dow Jones had anticipated a 2.5% decrease in the index.

The BLS data showed that PPI for finished goods rose 0.8% in July, lower than the expected 1% increase and following June's reading of 0.3%. Economists polled by Dow Jones had anticipated a 1% increase in the index.

The data also showed that PPI for finished goods excluding food and energy rose 0.6% in July, lower than the expected 0.8% increase and following June's reading of 0.4%. Economists polled by Dow Jones had anticipated a 0.8% increase in the index.

The BLS data showed that PPI for finished goods dropped 0.4% in July, lower than the expected 0.3% decrease and following June's reading of 0.8%. Economists polled by Dow Jones had anticipated a 0.3% decrease in the index.

The data also showed that PPI for finished goods excluding food and energy fell 0.2% in July, lower than the expected 0.3% decrease and following June's reading of 0.8%. Economists polled by Dow Jones had anticipated a 0.3% decrease in the index.

The BLS data showed that PPI for finished goods declined 0.8% in July, lower than the expected 0.3% decrease and following June's reading of 0.4%. Economists polled by Dow Jones had anticipated a 0.3% decrease in the index.

The data also showed that PPI for finished goods excluding food and energy dropped 0.4% in July, lower than the expected 0.2% decrease and following June's reading of 0.3%. Economists polled by Dow Jones had anticipated a 0.2% decrease in the index.

The latest PPI figures showed that the Producer Price Index fell to 0.8% in July, lower than the expected 1% rise and following June's