The consumer price index rose 0.1 per cent in August, well above economists' expectations of a 0.1 per cent fall.
Acco. Labor Statistics, the prices for the month of July did not increase as compared to the previous month.
us inflation chart preprared by US Beauro Of Labour Statistics
Wall Street was wary of higher-than-expected inflation figures
S&P 500 closed down 4.3 per cent, its worst performance since June 2020