Samara Asset Group reports April Bitcoin CPI down 0.9% month-on-month

If you’ve ever wondered what a gallon of milk costs in Bitcoin, Samara Asset Group has a number for you. The company’s Bitcoin Consumer Price Index, or BTCCPI, dropped 0.95% in April on a month-over-month basis, signaling a brief dip in Bitcoin’s purchasing power relative to everyday goods and services.

But zoom out a bit and the picture flips entirely. On a year-over-year basis, the BTCCPI rose 25.90%, meaning the cost of a standard consumer basket priced in Bitcoin has gotten significantly cheaper over the past twelve months.

What the Bitcoin CPI actually measures

Samara Asset Group takes the exact same basket of goods and services used in the official US Consumer Price Index, the one the Bureau of Labor Statistics publishes every month, and reprices it in Bitcoin instead of dollars. When Bitcoin’s price rises faster than the dollar-denominated cost of goods, the BTCCPI goes up, meaning each Bitcoin stretches further. When Bitcoin stalls or dips while consumer prices hold steady or climb, the index falls.

The year-over-year gain of 25.90% suggests that despite Bitcoin’s volatility, holding BTC over a twelve-month window still dramatically outperformed the erosion of purchasing power that dollar holders experienced through traditional inflation.

Why this matters for corporate treasuries

Corporate treasuries have historically measured the health of their cash reserves against inflation benchmarks tied to the dollar, the euro, or other fiat currencies. With firms like MicroStrategy, Tesla, and dozens of smaller companies now holding meaningful Bitcoin positions, the BTCCPI offers a benchmark to evaluate whether BTC holdings are gaining or losing real purchasing power against the actual things businesses spend money on: energy, wages, materials, services.

A 25.90% year-over-year increase in the BTCCPI means that, in real terms, corporate Bitcoin holdings bought roughly a quarter more goods and services than they did twelve months prior.

The bigger picture for investors

The monthly dip of 0.95% is a useful reminder that Bitcoin doesn’t move in a straight line. The annual reading of 25.90% is harder to dismiss: over a full year, Bitcoin didn’t just keep pace with inflation — it lapped it.