Stock Market Today: Stock Selloff Resumes After Sizzling Inflation Update

The latest consumer price index hit a 40-year high in February, led by big price spikes in food and energy.

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(Image credit: Getty Images)

Markets resumed their selloff today after cabinet-level talks between Ukraine and Russia failed to result in any progress toward a diplomatic solution to end the conflict between the two countries. Investors were also treated to the latest inflation update, which came in red-hot once again.

Specifically, the Labor Department said its consumer price index (CPI) – which measures the cost consumers pay for goods and services – rose at an annual rate of 7.9% in February, the quickest year-over-year (YoY) increase since January 1982.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.