Markets fall as US consumer prices see sharpest monthly climb since 2008

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  • Consumer Price Index increases 4.2% in April year-on-year
  • Used cars, home furnishings and airline tickets rise in price

US consumer prices soared in April as post-lockdown demand and shortages drove up the cost of a wide range of goods, from used cars and home furnishings to airline tickets.

Related: FTSE 100 shares fall sharply amid US inflation fears

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