Inflation
Bitcoin briefly falls below $80,000 after hot US inflation print
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US consumer prices rose more than expected in April, sending stocks lower and pushing bitcoin briefly under the key $80,000 level before a modest recovery. The data reinforced bets that the Federal Reserve will hold rates steady.
Asian stocks fell alongside Wall Street after US inflation data showed faster price growth. Rising oil prices tied to conflict in Iran pushed Treasury yields higher and increased expectations for a Federal Reserve rate increase in 2027.
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Finance Minister Koo Yun-cheol said Monday that temporary price caps on fuel products will remain in place for some time due to instability in the Middle East.
Petrol prices in South Africa will increase by 14% and diesel by nearly 24% from Wednesday, 6 May, due to the ongoing Iran war. The Department of Mineral Resources and Petroleum (DMPR) announced the hikes amid rising global Brent crude prices. Temporary fuel levy reductions offer some relief.
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Indonesia's April 2026 inflation stood at 0.13 percent monthly and 2.42 percent annually. Finance Minister Purbaya Yudhi Sadewa said maintaining fuel subsidies successfully curbed energy sector inflation spikes. BPS explained non-subsidiized fuel price hikes had minimal impact.
The Philippine peso closed at P61.30 against the US dollar on Tuesday, April 28, marking a new record low amid global uncertainties from the Middle East conflict.
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Mexico's government announced the elimination of bank commissions for paying gasoline with credit and debit cards at service stations, offering discounts of up to 7.45 pesos per transaction. The measure, presented on April 27 by President Claudia Sheinbaum and Finance Secretary Édgar Amador, takes effect on May 1 and aims to curb inflation. It was agreed with the Mexican Banking Association and other institutions.
César Giraldo says rate hikes will not curb inflation
May 08, 2026 11:06Annual inflation in Colombia rises to 5.68% in April
May 07, 2026 14:25Banxico ends rate cut cycle and sets rate at 6.50%
May 07, 2026 07:14Central bank raises rates by 200 basis points amid rising inflation
May 05, 2026 20:53Indian rupee continues steady depreciation
May 01, 2026 18:16Gold prices eye 2% weekly drop amid West Asia conflict and oil surge
April 30, 2026 02:49Japan food prices set to rise from war-driven plastic packaging costs
April 30, 2026 01:58ECB keeps deposit rate at 2.0 percent despite rising inflation
April 29, 2026 22:27Copom cuts Selic by 0.25 pp to 14.5% per year
April 28, 2026 22:00Crude oil hits $110 for eighth day amid potential US extension of Iran blockade