WASHINGTON, United States (AP) — 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 in over two years and well below April’s 4.9 per cent annual rise. The pullback was driven by tumbling gas prices, a much smaller rise in grocery prices than in previous months and less expensive furniture, air fares and appliances.

Tuesday’s inflation figures arrive just as Federal Reserve officials begin a pivotal two-day meeting, after w

 

https://www.jamaicaobserver.com/business/us-consumer-price-growth-slowed-last-month-as-inflation-shows-signs-of-steady-decline/