US Inflation Rises to 2.4% in May, Bitcoin Price Stagnant at US$109 Thousand

Consumer Price Index (CPI) or inflation in the United States was reported to rise 2.4% year-on-year in May. This is in line with analysts' predictions who previously projected the CPI would rise to a level of 2.4% to 2.5%.
The rise in inflation occurred due to the tariffs imposed by US President Donald Trump, which created price pressures.
Meanwhile, Bloomberg analysts stated that US inflation is rising because demand for retail goods is slowing, where retailers are struggling to raise prices without a significant drop in demand.
The price of Bitcoin (BTC) is stagnantly rising at the level of US$109 thousand, with trading volume recorded down by 11.69% in the last 24 hours, Wednesday (11/06).