The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June and down from April’s 4.9% increase.

Inflation was 0.1% month-over-month and is up 4.0% year-over-year.

Core inflation is a bit higher at 0.4% month-over-month and 5.3% year-over-year.