What time does the CPI report come out and how does it influence cryptocurrency prices?

10 answers

• Ross OddershedeDec 15, 2023 · 2 years ago
  The CPI report, or Consumer Price Index report, is usually released by the Bureau of Labor Statistics (BLS) on a monthly basis. The exact release time can vary, but it is typically around 8:30 AM Eastern Time on the scheduled release day. This report measures the average change in prices over time for a basket of goods and services commonly purchased by households. As for its influence on cryptocurrency prices, the CPI report can indirectly impact the cryptocurrency market. If the CPI report shows a higher-than-expected inflation rate, it may lead to concerns about the purchasing power of fiat currencies. In such cases, some investors may turn to cryptocurrencies as a hedge against inflation, which can potentially drive up cryptocurrency prices.
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• Kaneki KenMay 04, 2024 · a year ago
  The CPI report is usually released once a month, and the specific release time can vary. However, it is generally released around 8:30 AM Eastern Time. This report is important because it provides insights into the inflation rate, which can have an impact on various financial markets, including cryptocurrencies. When the CPI report shows a higher inflation rate, it can lead to concerns about the value of traditional fiat currencies. As a result, some investors may choose to invest in cryptocurrencies as an alternative store of value. This increased demand for cryptocurrencies can potentially drive up their prices.
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• Nima AbJan 06, 2023 · 3 years ago
  The CPI report is typically released by the Bureau of Labor Statistics (BLS) on a monthly basis. The release time can vary, but it is usually around 8:30 AM Eastern Time. This report measures changes in the prices of a basket of goods and services commonly purchased by households, and it is used to gauge inflation. In terms of its influence on cryptocurrency prices, the CPI report can indirectly impact the market. If the report shows a higher inflation rate, it may raise concerns about the value of traditional currencies and drive some investors towards cryptocurrencies as an alternative investment. This increased demand for cryptocurrencies can potentially lead to higher prices.
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• Erickson BrightJul 10, 2024 · a year ago
  The CPI report is released monthly by the Bureau of Labor Statistics (BLS), and the exact release time can vary. However, it is typically around 8:30 AM Eastern Time. This report measures changes in the prices of goods and services and is used to track inflation. As for its impact on cryptocurrency prices, the CPI report can indirectly influence the market. If the report shows a higher inflation rate, it may lead to concerns about the value of fiat currencies. In such cases, some investors may see cryptocurrencies as a more stable store of value and choose to invest in them, potentially driving up cryptocurrency prices.
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• Sanju VemulaJan 10, 2024 · 2 years ago
  The CPI report, which is released monthly by the Bureau of Labor Statistics (BLS), does not have a specific release time. However, it is usually made available around 8:30 AM Eastern Time. This report measures changes in the prices of goods and services and is used to track inflation. When it comes to cryptocurrency prices, the CPI report can indirectly impact the market. If the report shows a higher inflation rate, it may raise concerns about the value of traditional currencies. As a result, some investors may turn to cryptocurrencies as an alternative investment, potentially driving up their prices.
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• Annie GabrielleFeb 05, 2025 · 7 months ago
  The CPI report, released monthly by the Bureau of Labor Statistics (BLS), does not have a fixed release time. However, it is typically available around 8:30 AM Eastern Time. This report tracks changes in the prices of goods and services and is used to measure inflation. In terms of its influence on cryptocurrency prices, the CPI report can indirectly impact the market. If the report shows a higher inflation rate, it may raise concerns about the value of fiat currencies. This can lead some investors to seek alternative investments, such as cryptocurrencies, which can potentially drive up their prices.
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• Dharsha MithunevaAug 28, 2021 · 4 years ago
  The CPI report is released monthly by the Bureau of Labor Statistics (BLS), and the release time can vary. However, it is usually around 8:30 AM Eastern Time. This report measures changes in the prices of goods and services and is used to track inflation. When it comes to cryptocurrency prices, the CPI report can indirectly influence the market. If the report shows a higher inflation rate, it may raise concerns about the value of traditional currencies. As a result, some investors may turn to cryptocurrencies as a hedge against inflation, potentially driving up their prices.
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• sacMay 16, 2021 · 4 years ago
  The CPI report is released monthly by the Bureau of Labor Statistics (BLS), and the exact release time can vary. However, it is typically around 8:30 AM Eastern Time. This report measures changes in the prices of goods and services and is used to track inflation. As for its impact on cryptocurrency prices, the CPI report can indirectly influence the market. If the report shows a higher inflation rate, it may raise concerns about the value of fiat currencies. In such cases, some investors may turn to cryptocurrencies as an alternative investment, potentially driving up their prices.
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• Satheesh Babu SoundararajanNov 09, 2022 · 3 years ago
  The CPI report is released monthly by the Bureau of Labor Statistics (BLS), and the release time can vary. However, it is usually around 8:30 AM Eastern Time. This report measures changes in the prices of goods and services and is used to track inflation. When it comes to cryptocurrency prices, the CPI report can indirectly impact the market. If the report shows a higher inflation rate, it may raise concerns about the value of traditional currencies. As a result, some investors may turn to cryptocurrencies as an alternative investment, potentially driving up their prices.
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• sacJan 09, 2022 · 4 years ago
  The CPI report is released monthly by the Bureau of Labor Statistics (BLS), and the exact release time can vary. However, it is typically around 8:30 AM Eastern Time. This report measures changes in the prices of goods and services and is used to track inflation. As for its impact on cryptocurrency prices, the CPI report can indirectly influence the market. If the report shows a higher inflation rate, it may raise concerns about the value of fiat currencies. In such cases, some investors may turn to cryptocurrencies as an alternative investment, potentially driving up their prices.
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