Investors wondering why stocks are up today have to look no further as the Consumer Price Index (CPI) data for November 2022 is behind the rise.

The big data that has traders celebrating today is inflation of 7.1%. While that doesn’t sound good, it’s a positive change compared to inflation of 7.7% for the month of October 2022. This has investors hoping that inflation is finally starting to cool down.

While stocks are up today, some investors are likely wondering if this good news will continue. After all, all it would take is an increase in year-over-year inflation for December and traders might start running scared again.

What the Experts Have to Say About Inflation

Fortunately, Yahoo Finance has collected the opinions of several authorities on the matter. Let’s take a brief look at their statements below.

• “No matter how far inflation is pushed down by margin recompression over the next year or so, it will not stay down with wage growth close to 5%.” — Ian Shepherdson, Chief Economist, Pantheon Macroeconomics
• “Certainly, with important components such as shelter inflation and core goods inflation moving lower, it is reasonable to expect inflation to continue falling over coming months.” — Seema Shah, Chief Global Strategist, Principal Asset Management
• “What the November CPI report showed is that this is no longer a ‘one datapoint doesn’t make a trend’ story and that inflation is now on a clear disinflation trajectory.” — Eugenio Aleman, Chief Economist, Raymond James

The S&P 500 is up about .7% and the Nasdaq is up 1% as of Tuesday afternoon.

Investors looking for more of the most recent stock market news are in luck!

We’ve got all of the hottest stock market news traders need to know about on Tuesday! That includes everything happening with shares of Argo Blockchain (NASDAQ:ARBK), OpGen (NASDAQ:OPGN), and Advanced Micro Devices (NASDAQ:AMD) stock today. You can read all that news at the links below!

More Tuesday Stock Market News

• ARBK Stock Alert: Will Argo Blockchain Go Bankrupt?
• Why Is OpGen (OPGN) Stock Up 148% Today?
• AMD Stock Rises on New Graphics Card Release

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.