New York Equities: Stronger Unexpectedly high US inflation weighs on

Unexpectedly high US inflation data put US stock markets under further pressure in the middle of the week. The consumer price index rose by 4.2 percent in April compared to the same month last year. This is the highest rate since September 2008. In March, the rate was much lower at 2.6 percent. Analysts had expected an increase of 3.6 percent on average.

—