Excluding the food and fuel categories, which can see big swings from month to month, "core" CPI rose 0.1 percent, the third month in a row this closely-watched data point has come in below expectations.
The retail data, along with May inflation data, give the Federal Reserve the most up-to-date picture of the economy as policymakers finalize their expected decision to hike the central bank's key interest rate on Wednesday and provide guidance about future policy.
USA retail sales recorded their biggest drop in more than a year in May amid declining purchases of motor vehicles and discretionary spending, which could temper expectations for a sharp acceleration in economic growth in the second quarter. Further rate hikes are likely to depend on the outlook for inflation and economic growth.
And hiring in the United States remains solid if slowing, with employment at a 16-year-low of 4.3 percent - even below the level that the Fed associates with full employment.
Vehicle sales remained sluggish for the month, falling 0.2 percent in May, while electronics and appliance sales saw their largest monthly decrease in more than seven years, plunging 2.8 percent. Power generation rose by 5.4 per cent in April, down from 14.4 per cent expansion in April previous year.
United Kingdom wages dropped by 0.6% in real terms in the three months to April as inflation continues to take a toll on British households, according to the Office for National Statistics.
Excluding automobiles, gasoline, building materials and food services, retail sales were unchanged last month after an upwardly revised 0.6 percent rise in April.
Growth is expected to pick up this quarter after being held back by a near stall in consumer spending and a slower pace of inventory investment at the start of the year.
According to the CSO data, manufacturing sector, which constitutes 77.63 per cent to the IIP, grew at 2.6 per cent in April compared to 5.5 per cent in same month previous year. The Atlanta Fed is forecasting GDP rising at a 3.2 percent annualized rate in the second quarter.
Medical services such as the cost of doctor's visits dipped 0.1 percent in May but have risen 2.5 percent over the past 12 months.
Pay growth dropped to a weaker than expected 1.7% in the quarter, while inflation rose to 2.9% last month, resulting in a pay cut of £147 for the average United Kingdom worker. Prices for U.S. Treasuries rallied, while stocks on Wall Street were little changed. Owners' equivalent rent of primary residence advanced 0.2 per cent after a similar increase in April.
Clothing costs dropped 0.8 per cent in May while the cost of new cars and used cars both fell 0.2 per cent.
The Fed on Wednesday increased borrowing costs for the second time this year, while acknowledging the recent moderation in inflation pressures. Analysts were expecting a 0.1% rise, while April's figure showed a 0.4% growth. Receipts at restaurants and bars dipped 0.1 per cent, while sales at sporting goods and hobby stores fell 0.6 per cent.
The iPhone 8 rear panel is made out of a "composite glass material" to enable wireless charging, according to a Foxconn insider . And if it makes you desire the Apple iPhone 8 even more, just remember that September is just a little more than 12 weeks away.
The Sun: Chelsea could make a £45m move for Napoli's Lorenzo Insigne if they lose Eden Hazard to Real Madrid . Daily Telegraph: Liverpool have turned down Derby County's £1m offer for defender Andre Wisdom.
Demonstrators gathered to protest against Islamic law take part in a rally Saturday, June 10, 2017 , in NY . Smith say they are opposed to Sharia Law in the United States because they would both be murdered under it.
Universal's " The Mummy " looked it age, selling a relatively feeble $32.2 million in tickets in its debut weekend. Disney's Guardians of the Galaxy Vol. 2 followed with $6.2-M domestically for a worldwide haul of $833.2 to date.
The Post reported that Kushner is under investigation for the "extent and nature" of his interaction with Russian officials. Comey plans to testify that Trump asked him to shut down an investigation of fired national security advisor Flynn.
You can also check out our roundup of all of the Ubisoft trailers or head to our E3 hub to see all of our event coverage . Links to buy or preorder a lot of E3 2017's games are still coming online, but below is what we've compiled so far.
She went on to add the Congress leadership had allowed many of its leaders to go "haywire", and that there was a "pattern in it". She also condemned Rahul Gandhi's khoon ki dalali comment. "They do so in Parliament but to do so to the Army is shocking".
Trump travel ban dealt another blow as high court weighs in
The Court should follow its usual practice of awaiting a fully-developed record that is better suited to Supreme Court review. The Trump administration had previously requested that Supreme Court take up the case following mounting lower court defeats.
Dennis Rodman headed back to North Korea, report says
Rodman was a contestant on Trump's " Celebrity Apprentice " television show twice, once in 2009 and once in 2013. It came amid heightened tensions between Washington and Pyongyang, which is now detaining four Americans.
DUP agrees principles to back UK Conservatives
Moody's Investors Service said the inconclusive election outcome would complicate and "probably delay" negotiations with the EU. Corbyn, under whose leadership there has been a groundswell of support for Labour, against the belief of many in his party.
Lyft joining forces with Jaguar Land Rover in tech venture
Its investment in Lyft was part of the start-up's $400m fundraising round in April, but had not been disclosed until now. Jaguar Land Rover isn't the first company to hitch itself to Lyft's wagon, in stark contrast to the deal over at Uber.
Reaction to Rafa Nadal's 10th French Open title
He has become a staple at Roland Garros , and perhaps even more impressive than his ability to win has been his longevity. Meanwhile, French Open 2016 champion Novak Djokovic slid from No. 2 to No. 4 after getting knocked out in quarterfinals.
Shadow of the Colossus is being fully remastered for PS4
In case you might recall, Shadow originally released on the PlayStation 2 several years ago, developed by the folks at Team Ico . It's a wondrous game filled with danger, imagination and thrills, and one we wouldn't mind playing through again.
Rumor: Google Pixel XL 2 (Muskie) has been canceled
AndroidPolice has heard from three separate sources that Google has shelved its plans for a new Pixel device codenamed muskie . The company will only provide services for both devices' security updates and telephone or online support until October 2019.
E3 2017: New footage and gameplay revealed for 'Days Gone'
From what we have seen of Deacon already, we know he's more than capable of handling himself and getting out of tough situations. It focuses more on the open world aspect of the game rather than the zombie horde combat that we saw past year .
South Korea Is Interested In Co-Hosting The 2030 World Cup
Moon's proposal came in a meeting with Gianni Infantino , chief of Federation Internationale de Football Association . Chinese officials have said they want to host the World Cup at the earliest opportunity, which appears to be 2030.