amazoncom inc amzn shares are trading higher by some 458 to 9399 wednesday afternoon amid overall market strength as stocks rise ahead of tomorrows cpi report whats going on in the broader market the market is anticipating a critical consumer price index cpi inflation reading coming on thursday morning economists are expecting the us labor department to report 65 cpi inflation in december down from 71 in november and a peak of 91 in june economists are also projecting that core cpi inflation which excludes volatile energy and food prices gained 57 in december versus 6 in the previous monthread more according to data from benzinga pro amzn has a 52week high of 17083 and a 52week low of 8143