U.S. inflation rate drops to 4{dec8eed80f8408bfe0c8cb968907362b371b4140b1eb4f4e531a2b1c1a9556e5} in May — lowest level in 2 years

Consumer prices in the United States cooled last month, rising just 0.1 per cent from April to May and extending the past year’s steady easing of inflation. At the same time, some measures of underlying price pressures remained high. Measured year over year, inflation slowed to just 4 per cent in May — the lowest 12-month figure…

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