Inflation Fears Keep World Markets Jittery

Anxiety surrounding the release of July month's reading of consumer price inflation in the U.S. gripped world markets. While the headline inflation is seen declining to 8.7 percent, from the high of 9.1 percent recorded in June, Core CPI, which the Fed tracks more keenly is seen rising to 6.1 percent from 5.9 percent recorded in June.

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