Bitcoin Price Tanks Again as October US CPI Data Tops Expectations

In an unprecedented announcement from the Labor Department’s Bureau of Labor Statistics, the official Consumer Price Index numbers for October exceeded expectations. The actual data showed a 0.4% increase in the headline CPI and 0.3% in the Core CPI, which excludes energy and food. Before today’s release, experts speculated that the October reading would show a 0.3% month-over-month increase, while Core CPI was expected at 0.2%. What was particularly interesting about today’s announcement is that it came without year-over-year numbers, as the BLS said that missing data from the October 2025 government shutdown “prevents reliable annual comparison.” “What you will see in ​the data is further evidence of stubborn and sticky inflation, especially in the service sector,” said Joseph Brusuelas, chief economist at RSM, before the reading went live.

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