US inflation, measured by the CPI, rose by 0.2% in April after a 0.4% increase in March. Over the past year, the all-items index has increased by 2.4%, reflecting the ongoing inflationary trend. Shelter and gasoline prices played a significant role in this month’s rise, with shelter costs increasing by 0.4% and gas prices by 2.8%. Notably, food prices remained unchanged with the food at home index declining slightly (-0.2%) and the food away from home index rising (0.3%). The core CPI, which excludes volatile food and energy prices, also increased by 0.3% in April, mirroring the previous month’s rise. Over the past year, the core index has risen by 3.6%, matching the annual increase reported last month. This inflation data influenced the cryptocurrency market, with Bitcoin (BTC) experiencing a slight increase to around $103,645 and Ethereum (ETH) also rising slightly to approximately $2,503.84. Investors saw this steady inflation as potentially positive for risk assets like cryptocurrencies, which could benefit from more favorable monetary policies. However, market participants remain cautious, waiting for further economic indicators to provide clearer insight into the Federal Reserve’s upcoming decisions.