The Dow Jones industrial average lost 25.03 points, or 0.17 percent, to 14,514.11.
The Nasdaq dipped 9.86 points, or 0.30 percent, to 3,249.07.
The Standard and Poor's 500 slipped 2.53 points, or 0.16 percent, to 1,560.70.
The CPI increase was slightly higher than economist projected. The annual inflation rate rose to 2 percent after resting at 1.9 percent for three consecutive months.
Before Friday, the Dow closed higher for 10 consecutive days, the longest winning streak in at least 16 years.
On the New York Stock exchange, the total volume was 5.05 billion shares. Decliners outpaced gainers, 2.58 billion shares to 2.42 billion shares.
The 10-year U.S. treasury bonds yielded 1.997 percent.
Against the dollar, the euro was $1.3073 from Thursday's $1.3005. Against the yen, the dollar was 95.31 yen from 96.11 yen.
In Tokyo, the Nikkei 225 gained 179.76 points, 1.45 percent, to 12,560.95.
In London, the FTSE 100 index shed 0.61 percent, 39.76 points, to 6,489.65.