Macro Reaction

Replays

US CPI history

Every US CPI release since 2017, with what BLS reported that morning (first print, not today's revised numbers) and how hard Bitcoin moved in the first hour. Bigger multiples mean the release hit harder than a normal hour.

Rows in bold moved BTC at least 3× a normal hour. US CPI averages and charts →

2026

DateResultBTC first hour1h× normal hour
14 Oct4.0% y/y · +0.6% m/m · core +0.3%−1.46%3.1×Recap in progress
11 Sep3.7% y/y · +0.4% m/m · core +0.3%+0.55%1.2×
12 Aug3.5% y/y · +0.1% m/m · core +0.2%−0.72%1.5×
14 Jul3.9% y/y · −0.4% m/m · core 0.0%+1.58%3.4×Recap in progress
10 Jun4.5% y/y · +0.5% m/m · core +0.2%+0.63%1.3×
12 May4.1% y/y · +0.6% m/m · core +0.4%−0.20%0.4×
10 Apr3.5% y/y · +0.9% m/m · core +0.2%+0.15%0.3×
11 Mar2.9% y/y · +0.3% m/m · core +0.2%+1.16%2.5×
13 Feb3.1% y/y · +0.2% m/m · core +0.3%−0.04%0.1×
13 Jan2.7% y/y · +0.3% m/m · core +0.2%+0.31%0.6×

2025

DateResultBTC first hour1h× normal hour
18 Dec2.7% y/y · +0.2% m/m · core +0.2%+0.99%1.8×
24 Oct3.0% y/y · +0.3% m/m · core +0.2%+0.22%0.5×
11 Sep2.9% y/y · +0.4% m/m · core +0.3%−0.59%1.3×
12 Aug2.7% y/y · +0.2% m/m · core +0.3%+0.61%1.3×
15 Jul2.7% y/y · +0.3% m/m · core +0.2%+0.61%1.3×
11 Jun2.4% y/y · +0.1% m/m · core +0.1%+0.48%1.0×
13 May2.3% y/y · +0.2% m/m · core +0.2%+0.24%0.5×
10 Apr2.4% y/y · −0.1% m/m · core +0.1%−0.46%1.0×
12 Mar2.8% y/y · +0.2% m/m · core +0.2%−0.06%0.1×
12 Feb3.0% y/y · +0.5% m/m · core +0.4%−1.88%3.5×Recap in progress
15 Jan2.9% y/y · +0.4% m/m · core +0.2%+1.57%2.9×Recap in progress

2024

DateResultBTC first hour1h× normal hour
11 Dec2.7% y/y · +0.3% m/m · core +0.3%+0.32%0.6×
13 Nov2.6% y/y · +0.2% m/m · core +0.3%+1.73%3.2×Recap in progress
10 Oct2.4% y/y · +0.2% m/m · core +0.3%−0.20%0.4×
11 Sep2.5% y/y · +0.2% m/m · core +0.3%−0.00%0.0×
14 Aug2.9% y/y · +0.2% m/m · core +0.2%−1.48%3.2×Recap in progress
11 Jul3.0% y/y · −0.1% m/m · core +0.1%+0.16%0.3×
12 Jun3.3% y/y · 0.0% m/m · core +0.2%+1.77%3.8×Recap in progress
15 May3.4% y/y · +0.3% m/m · core +0.3%+2.59%5.6×Recap in progress
10 Apr3.5% y/y · +0.4% m/m · core +0.4%−1.86%4.0×Recap in progress
12 Mar3.2% y/y · +0.4% m/m · core +0.4%+0.84%1.8×
13 Feb3.1% y/y · +0.3% m/m · core +0.4%−1.68%3.2×Recap in progress
11 Jan3.4% y/y · +0.3% m/m · core +0.3%+1.49%2.8×Recap in progress

2023

DateResultBTC first hour1h× normal hour
12 Dec3.1% y/y · +0.1% m/m · core +0.3%−0.30%0.6×
14 Nov3.2% y/y · 0.0% m/m · core +0.2%+0.51%1.0×
12 Oct3.7% y/y · +0.4% m/m · core +0.3%−0.18%0.4×
13 Sep3.7% y/y · +0.6% m/m · core +0.3%−0.35%0.8×
10 Aug3.2% y/y · +0.2% m/m · core +0.2%+0.08%0.2×
12 Jul3.0% y/y · +0.2% m/m · core +0.2%−0.48%1.0×
13 Jun4.0% y/y · +0.1% m/m · core +0.4%−0.42%0.9×
10 May4.9% y/y · +0.4% m/m · core +0.4%+1.45%3.1×Recap in progress
12 Apr5.0% y/y · +0.1% m/m · core +0.4%+0.57%1.2×
14 Mar6.0% y/y · +0.4% m/m · core +0.5%+5.03%10.8×Recap in progress
14 Feb6.4% y/y · +0.5% m/m · core +0.4%−1.04%1.9×
12 Jan6.5% y/y · −0.1% m/m · core +0.3%−0.12%0.2×

2022

DateResultBTC first hour1h× normal hour
13 Dec7.1% y/y · +0.1% m/m · core +0.2%+1.65%3.1×Recap in progress
10 Nov7.7% y/y · +0.4% m/m · core +0.3%+6.67%12.5×Recap →
13 Oct8.2% y/y · +0.4% m/m · core +0.6%−2.72%5.8×Recap in progress
13 Sep8.3% y/y · +0.1% m/m · core +0.6%−5.96%12.8×Recap →
10 Aug8.5% y/y · 0.0% m/m · core +0.3%+4.56%9.8×Recap in progress
13 Jul9.1% y/y · +1.3% m/m · core +0.7%−5.17%11.1×Recap in progress
10 Jun8.6% y/y · +1.0% m/m · core +0.6%−2.23%4.8×Recap in progress
11 May8.3% y/y · +0.3% m/m · core +0.6%−5.39%11.6×Recap in progress
12 Apr8.5% y/y · +1.2% m/m · core +0.3%+0.59%1.3×
10 Mar7.9% y/y · +0.8% m/m · core +0.5%−0.56%1.1×
10 Feb7.5% y/y · +0.6% m/m · core +0.6%−3.06%5.7×Recap in progress
12 Jan7.0% y/y · +0.5% m/m · core +0.6%+1.01%1.9×

2021

DateResultBTC first hour1h× normal hour
10 Dec6.8% y/y · +0.8% m/m · core +0.5%+1.21%2.3×
10 Nov6.2% y/y · +0.9% m/m · core +0.6%+2.97%5.6×Recap in progress
13 Oct5.4% y/y · +0.4% m/m · core +0.2%+0.05%0.1×
14 Sep5.3% y/y · +0.3% m/m · core +0.1%+1.80%3.9×Recap in progress
11 Aug5.4% y/y · +0.5% m/m · core +0.3%+0.98%2.1×
13 Jul5.4% y/y · +0.9% m/m · core +0.9%−0.95%2.0×
10 Jun5.0% y/y · +0.6% m/m · core +0.7%+0.38%0.8×
12 May4.2% y/y · +0.8% m/m · core +0.9%−1.30%2.8×Recap in progress
13 Apr2.6% y/y · +0.6% m/m · core +0.3%−0.63%1.3×
10 Mar1.7% y/y · +0.4% m/m · core +0.1%+0.68%1.3×
10 Feb1.4% y/y · +0.3% m/m · core 0.0%−0.40%0.7×
13 Jan1.4% y/y · +0.4% m/m · core +0.1%+1.06%2.0×

2020

DateResultBTC first hour1h× normal hour
10 Dec1.2% y/y · +0.2% m/m · core +0.2%−0.32%0.6×
12 Nov1.2% y/y · 0.0% m/m · core 0.0%+0.25%0.5×
13 Oct1.4% y/y · +0.2% m/m · core +0.2%−0.48%1.0×
11 Sep1.3% y/y · +0.4% m/m · core +0.4%+0.36%0.8×
12 Aug1.0% y/y · +0.6% m/m · core +0.6%+0.04%0.1×
14 Jul0.6% y/y · +0.6% m/m · core +0.2%−0.18%0.4×
10 Jun0.1% y/y · −0.1% m/m · core −0.1%+0.18%0.4×
12 May0.3% y/y · −0.8% m/m · core −0.4%−0.07%0.2×
10 Apr1.5% y/y · −0.4% m/m · core −0.1%−0.29%0.6×
11 Mar2.3% y/y · +0.1% m/m · core +0.2%+0.44%0.9×
13 Feb2.5% y/y · +0.1% m/m · core +0.2%−0.04%0.1×
14 Jan2.3% y/y · +0.2% m/m · core +0.1%+1.74%3.3×Recap in progress

2019

DateResultBTC first hour1h× normal hour
11 Dec2.1% y/y · +0.3% m/m · core +0.2%+0.16%0.3×
13 Nov1.8% y/y · +0.4% m/m · core +0.2%+0.39%0.7×
10 Oct1.7% y/y · 0.0% m/m · core +0.1%−0.58%1.2×
12 Sep1.7% y/y · +0.1% m/m · core +0.3%+0.46%1.0×
13 Aug1.8% y/y · +0.3% m/m · core +0.3%−0.88%1.9×
11 Jul1.6% y/y · +0.1% m/m · core +0.3%−0.37%0.8×
12 Jun1.8% y/y · +0.1% m/m · core +0.1%−0.18%0.4×
10 May2.0% y/y · +0.3% m/m · core +0.1%+0.42%0.9×
10 Apr1.9% y/y · +0.4% m/m · core +0.1%+0.32%0.7×
12 Mar1.5% y/y · +0.2% m/m · core +0.1%+0.01%0.0×
13 Feb1.6% y/y · 0.0% m/m · core +0.2%−0.26%0.5×
11 Jan1.9% y/y · −0.1% m/m · core +0.2%+0.36%0.7×

2018

DateResultBTC first hour1h× normal hour
12 Dec2.2% y/y · 0.0% m/m · core +0.2%+0.30%0.6×
14 Nov2.5% y/y · +0.3% m/m · core +0.2%−0.20%0.4×
11 Oct2.3% y/y · +0.1% m/m · core +0.1%+0.17%0.4×
13 Sep2.7% y/y · +0.2% m/m · core +0.1%−0.01%0.0×
10 Aug2.9% y/y · +0.2% m/m · core +0.2%+0.13%0.3×
12 Jul2.9% y/y · +0.1% m/m · core +0.2%−0.13%0.3×
12 Jun2.8% y/y · +0.2% m/m · core +0.2%−1.32%2.8×Recap in progress
10 May2.5% y/y · +0.2% m/m · core +0.1%+0.47%1.0×
11 Apr2.4% y/y · −0.1% m/m · core +0.2%+1.11%2.4×
13 Mar2.2% y/y · +0.2% m/m · core +0.2%+1.99%4.3×Recap in progress
14 Feb2.1% y/y · +0.5% m/m · core +0.3%−0.63%1.2×
12 Jan2.1% y/y · +0.1% m/m · core +0.3%−1.13%2.1×

2017

DateResultBTC first hour1h× normal hour
13 Dec2.2% y/y · +0.4% m/m · core +0.1%+0.02%0.0×
15 Nov2.0% y/y · +0.1% m/m · core +0.2%+1.41%2.6×
13 Oct2.2% y/y · +0.5% m/m · core +0.1%+0.68%1.5×
14 Sep1.9% y/y · +0.4% m/m · core +0.2%−4.11%8.8×Recap in progress
11 Aug1.7% y/y · +0.1% m/m · core +0.1%+0.09%0.2×
14 Jul1.6% y/y · 0.0% m/m · core +0.1%−0.96%2.1×
14 Jun1.9% y/y · −0.1% m/m · core +0.1%−1.11%2.4×
12 May2.2% y/y · +0.2% m/m · core +0.1%+0.08%0.2×
14 Apr2.4% y/y · −0.3% m/m · core −0.1%+0.80%1.7×
15 Mar2.7% y/y · +0.1% m/m · core +0.2%+0.05%0.1×
15 Feb2.5% y/y · +0.6% m/m · core +0.3%−0.02%0.0×
18 Jan2.1% y/y · +0.3% m/m · core +0.2%−1.96%3.7×Recap in progress