CPI / Consumer Price Index
Consumer Price Index | CPI |
INTERVALS
Tier 1: 1M, 1W, 3D, 1D
Tier 2: 1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m
Tier 3: 1M, 1W, 3D, 1D, 12h, 4h, 2h, 1h, 15m, 10m, 5m, 1m
Consumer Price Index (CPI)
What is it?
The Consumer Price Index (CPI) is a weighted average of prices in the market basket, which includes goods and services typically purchased by households in the United States. The CPI is used to track changes in the prices of these goods and services over time, providing important information about changes in the cost of living.
Why is it important for cryptocurrency traders?
Chart Analysis
The chart above illustrates changes in the CPI over a selected period. Increases indicate periods of rising inflation, while decreases can signal deflation. For cryptocurrency traders, it is essential to monitor these changes as they can have a direct impact on cryptocurrency prices. For example, periods of inflation may favor rising cryptocurrency prices as investors seek alternatives to depreciating traditional currencies.
Updated on: 07/03/2024
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