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US Market - Inflation hits another 40-year high. Prices increased 9.1% from a year earlier, largest gain since November 1981. Survey estimated inflation would rise to 8.8%.

Futures tumble after the hotter-than-expected CPI report CNBC's Rick Santelli, Mike Santoli and Steve Liesman join 'Squawk Box' to report on the CPI report, as the Dow falls due to the hotter-than-expected inflatio...