- The consumer price index edged up slightly, to 7.1% on an annual basis, the Labor Department reported Tuesday.
- The CPI is a broad measure of the price for everyday goods such as gasoline, groceries and rents.
- Those figures were both lower than the 7.3% headline figure and 0.3% monthly increase forecast by Refinitiv economists, and stocks rallied on the better-than-expected report.
