Consumer prices rose 3.5% year-over-year, according to the latest CPI report.
We learned this morning that inflation as measured by the Consumer Price Index was 0.4 percent in February and 3.2 percent over
Stocks slid Tuesday after consumer inflation data came in hotter than expected.
The CPI report shows annual inflation rose slightly in July, interrupting a year-long streak of waning price hikes.
The CPI report showed inflation fell to 3% as grocery price increases eased.