📈 The S&P 500 is volatile Wednesday morning after the Labor Department reported a 5% year-over-year increase in the consumer price index (CPI) for March. The headline CPI came in at 5% year-on-year in March, down from 6% in February, according to data the Labor Department reported on Tuesday. The closely watched inflation reading was below average economist estimates of 5.2%. This marked the lowest inflation print since May 2021. On a month-over-month basis, CPI was up 0.1%, which was also lower than the estimates of 0.2%. Core CPI, which excludes volatile food and energy prices, matched expectations on a year-over-year basis, rising 5.6%. On a month-over-month basis core inflation rose 0.4% also in line with estimates. Find out more on benzinga.com, link in bio. benzinga . . . . . . . #stockmarket #stockmarkets #stocks #inflation #money #business #unitedstates #investing #investment #personalfinance #wallstreet #stockstrader #stocktrading #stockmarketinvesting #wealthbuilding