The highly awaited US Producer Price Index (PPI) data showed that inflation has come in hotter than expected at 1.8% in September, as compared to market expectations of 1.6%. This rising inflation figure, especially after the recent US CPI data, has sparked concerns in the market, over its potential impact on BTC ($86,217.00) and other crypto. Besides, the latest set of gloomy economic data has fueled debates if the US Federal Reserve would once again move with a tightened monetary policy ahead.

US PPI Comes In Hotter-Than-Expected

The latest Labor Department data showed that the US PPI inflation came in at 1.8%, up from the 1.7% level noted in August. On a month-over-month (MoM) basis, the inflation remains unchanged at 0.0%, after rising 0.2% in the prior month.

Simultaneously, the Core PPI inflation soared significantly to 2.8% last month, up from the market expectations of 2.6% and the 2.4% level of August. On an MoM basis, the Core PPI figure, which excludes the food and energy prices, came in at 0.2%, as compared to 0.3% in the previous month.

These hotter-than-anticipated inflation figures have sparked discussions in the broader financial sector, let alone the crypto market. The recent US CPI data also exceeds the market forecast, signaling a hawkish stance by the US Fed at their upcoming gathering next month.

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