in the US has slowed to a 4 percent annual rate, the lowest pace of price increases since March 2021. The latest statistics released by the US Labor Department on Tuesday showed that inflation grew by just 0.1 percent between April and May - after increasing 0.4 percent last month.The 4 percent annual inflation rate is well below the 9.1 percent peak seen last June, and down from April's 4.9 percent increase.
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