Inflation in the USA fell in April: Gold, Bitcoin and Euro rose

The US Department of Labor announced inflation data for April.

Accordingly, the cost of living of American consumers increased by 0.4 percent in April compared to the previous month. CPI, which increased in line with market expectations, increased by 0.1 percent on a monthly basis in March.

CPI in the country increased by 4.9 percent on an annual basis in April. Expectations were for the CPI to increase by 5 percent on an annual basis in this period. Annual inflation, which continued to slow and fell to its lowest level since April 2021, was 5 percent in March.


In the said period, the increase in housing prices continued to be the most influential item in the monthly rise in inflation. The housing index increased by 0.4 percent on a monthly basis and by 8.1 percent on an annual basis in April.

In the same period, increases in second-hand vehicles and gasoline prices also came to the fore. Although the index for used car prices increased by 4.4 percent on a monthly basis in April, it decreased by 6.6 percent on an annual basis.

While the gasoline index increased by 3 percent monthly in April, it decreased by 12,2 percent annually.

While the food index did not change on a monthly basis in this period, it increased by 7.7 percent annually.


Core CPI, which excludes variable energy and food prices, rose 0.4 percent month on month and 5.5 percent year on year in April.

In the said period, core inflation was realized in line with market expectations on a monthly and annual basis. Core CPI increased by 0.4 percent monthly and 5.6 percent annually in March.

Inflation in the US reached 9.1 percent in June 2022, the highest level since November 1981.


After the data was released, gold prices rose sharply. The ounce price of gold, which was at the level of 2 thousand 26 dollars before the data was announced, went up to 2 thousand 45 dollars after the data. Gram gold prices rose to 1284 TL.

Euro/dollar parity, on the other hand, started to increase after the announcement of the data. The pair rose as high as 1.098.

Bitcoin, which was at the level of $ 27,715 before the data was announced, rose above the level of $ 27,900 after the data was announced.

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