Is This the End of Inflation?
The stock market opened mixed on Thursday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and other major market benchmarks trading on either side of the unchanged mark in the opening minutes of the trading session. The volatility came after several days of gains on Wall Street.
Coming into the Thursday morning trading session, many investors had their attention squarely focused on the latest report on the Consumer Price Index (CPI) from the Bureau of Labor Statistics. The report capped a year of high inflation but gave more signs that upward pressure on prices might be easing. Below, you'll see a deeper dive into the CPI report from December and what it means for shareholders in various stocks.
The two primary headline numbers from the Consumer Price Index report gave a good snapshot of where prices have been and where they are now. For the month of December, the CPI dropped 0.1% on a seasonally adjusted basis from its November reading. Over the past 12 months, the CPI has risen 6.5%.
Source Fool.com
