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ASX 200 sinks alongside largest US inflation rise in 12 years – The Motley Fool Australia
The S&P/ASX 200 Index (ASX: XJO) is 0.72% lower and back under 7,000 points after a US inflation rate rise smashed expectations today.
The S&P/ASX 200 Index (ASX: XJO) is 0.72% lower today and back under 7,000 points for the first time in over a month. It’s the third consecutive day of losses for the index – each one above 0.7%.
Today’s market fall comes after the United States Bureau of Labor Statistics announced the consumer price index (CPI) for the country increased by 0.9% for the month of April – the largest rise in the measurement since 2009. Over the past 12 months, it jumped 4.2%; 160 basis points more than the 12 months…
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