Inflation unexpectedly jumps, stock market tanks

Consumer prices rise unexpectedly in August, sending stock market tumbling – ABC News Despite falling gas prices, US inflation ticked up in August, according to data released by the Bureau of Labor Statistics Tuesday. The Consumer Price Index, which measures prices for a basket of consumer goods and services, showed a 0.1% increase from July. The inflation rate was expected to fall by 0.1% from July to August, after remaining steady at 0% growth between …

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