Inflation

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Bitcoin price dropping below 80,000 on a trading screen due to US inflation news
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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.

Asiatiska aktier föll i kölvattnet av Wall Street efter att amerikansk inflationsstatistik visat på en snabbare prisökning. Stigande oljepriser kopplade till konflikten i Iran pressade upp obligationsräntorna och ökade förväntningarna på en räntehöjning från Federal Reserve under 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.

 

 

 

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