Inflation falls to 4% in the U.S., the lowest level in two years

Inflation fell in the United States to 4% in May, the lowest price level in two years since March 2021, a clear reflection that cooling efforts are working. Although it has more than halved from the historical peak of 9.1% in June 2022, the level is still above the Federal Reserve's target of 2%. But this drop of almost one point in one month, as the price level stood at…