As US releases Consumer Price Index, FTSE 100 sees a slight increase

This April, the US Consumer Price Index (CPI) rose by 4.2 per cent as compared to last year, which is the sharpest increase since September, 2008.

After the US Consumer Price Index (CPI) was released on Wednesday, which rose by 4.2 per cent as compared to last year, the US stock market witnessed a slide but the UK stocks remained fairly unaffected by the inflation data. The US Consumer Price Index (CPI) rose by 4.2 per cent this April, which is the sharpest increase since September 2008. The month-to-month gain was 0.8 per cent, against the expected 0.2 per cent.