According to the Bureau of Labor Statistics, 0.1% of the U.S. Consumer Price Index (CPI), rose in March from 0.4% a month earlier. This was slower than economists expected for 0.2%.

The CPI increased by 5.0% year-over-year, down from 6.0% February and in line with expectations of 5.2%.

Core CPI, which excludes volatile energy and food prices, was 0.4% higher in March than 0.5% in February. This is in line with forecasts of 0.4%. Core CPI increased 5.6% year-over-year compared to 5.5% in February, and was in line with forecasts of 5.6%.

In the immediate aftermath, the bitcoin price ( BTC) rose by nearly 1.5% to $30,000.

Bitcoin’s recent gains have been at least partially influenced by the U.S. Federal Reserve’s ideas – possibly as soon as its May 2-3/2012 meeting – to end its nearly a year-long string of interest rate rises. These dovish hopes may be fuelled by Wednesday’s softer-than-expected inflation figures.

In addition to bitcoin’s gains, U.S. stock futures have risen following the report. The Nasdaq is up 1.1%, while the S&P 500 is up 0.9%. Gold prices are also rising, with a 1.1% increase to $2,042 an ounce.

The dollar and bond yields are falling. The 10-year U.S. Treasury yield is lower by 5 basis points at 3.38%, while the U.S. Dollar index is down 0.6%.