Rising fuel prices and escalating international tensions are beginning to impact global economies, and the United States is no exception.
April’s Consumer Price Index (CPI) figures were released, showing that inflation in the U.S. climbed to 3.8% — the highest level since May 2023.
Core CPI, which excludes volatile food and energy costs, also exceeded expectations, rising to 2.8% compared with the projected 2.7%.
Bitcoin experienced increased volatility around the data release, but overall price movement remained limited. At the time of writing, BTC traded just below $81,000, down approximately 0.5% for the day and largely flat on the week.
Analysts at The Kobeissi Letter noted that current inflation levels have returned to rates seen in the post-COVID period, signaling renewed price pressures across the economy.
At the same time, diplomatic tensions remain fragile. U.S.–Iran relations are reportedly precarious, with U.S. President Donald Trump describing the ceasefire as being on “massive life support” and dismissing Tehran’s recent peace proposal as unacceptable.