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Historical data suggests that selling an S&P 500 index fund following a 3.7% inflation reading is not supported by long-term market performance. The Bureau of Labor Statistics reported on Wednesday, Oct.
14, that the consumer price index rose 3.7% in the 12 months through September, up from a 3.4% pace for August. The S&P 500 index slid about 1.1% on that day, finishing near 7,719.
The increase was driven largely by energy costs, with gasoline prices climbing 9.1% in September alone, accounting for over half of the month's total increase.
Excluding food and energy, prices rose a more modest 2.6% from a year earlier.
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