New York CNN —
US stocks fell sharply Wednesday after inflation data for March came in higher than expected.
The blue-chip Dow was lower by 467 points, or 1.2%. The S&P 500 lost 1% and the Nasdaq Composite fell by 1%.
US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.
That’s up considerably from February’s 3.2% rate and marks the highest annual gain in the past six months. And
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