CPI Reveals Inflation Higher Than Expected

Objectivity 4.7 | Credibility 4.8 | Relevance 4.8

The month of August brought on more inflation than anticipated according to the consumer price index (CPI). It rose to 8.3% in August, less than the rise of 8.5% in July, however, it was still much more than expected. As inflation rose, the DOW took a plunge, as well as other stocks. Although inflation likely slowed in August for the second month in a row, consumer prices are still expected to remain at a high.