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Benzinga
Benzinga
Business
Wayne Duggan

'Probability Of Stagflation Is Increasing': Experts React To 8.5% CPI Inflation, Highest Since 1981

Labor Department Chris Zaccarelli Jeffrey Roach John Lynch Nancy Davis US Federal Reserve United States

The SPDR S&P 500 ETF Trust SPY (NYSE:SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981.

What Happened: The headline CPI rose 8.6% in March, above economist estimates of 8.4% and marking the highest growth rate since December 1981. The CPI was up 1.2% on a monthly basis.

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