Macro Rumble

Recaps

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 →
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 →
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 →
15 Jan2.9% y/y · +0.4% m/m · core +0.2%+1.57%2.9×Recap →

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 →
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 →
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 →
15 May3.4% y/y · +0.3% m/m · core +0.3%+2.59%5.6×Recap →
10 Apr3.5% y/y · +0.4% m/m · core +0.4%−1.86%4.0×Recap →
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 →
11 Jan3.4% y/y · +0.3% m/m · core +0.3%+1.49%2.8×Recap →

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 →
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 →
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 →
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 →
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 →
13 Jul9.1% y/y · +1.3% m/m · core +0.7%−5.17%11.1×Recap →
10 Jun8.6% y/y · +1.0% m/m · core +0.6%−2.23%4.8×Recap →
11 May8.3% y/y · +0.3% m/m · core +0.6%−5.39%11.6×Recap →
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 →
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 →
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 →
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 →
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 →

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 →
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 →
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 →
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 →