P507 Tjletext 507 Jun14 14:19:54
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LOW INFLATION EASES US RATE PRESSURE
Good news on US inflation may further
easj pressure on interest rates. The
consumer price index rosj only 0.1% in
May on a month earlier. A 0.2% increase
had been forecast.
The core rate excluding food and energy
came in at 0.2% as expected.
Energy prices fell 1.9% on the month to
offset a 0.5% jump in food prices. The
index was 3.1% higher than in May 1999
and the core index increased by 2.4%.
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