US inflation falls below 5% for first time in two years

Will Bain is presenting and in the programme he is looking into the prices for milk, airline tickets and new cars fell in the US last month, helping drive inflation to its lowest rate in two years. Inflation, the pace at which prices rise, was 4.9% over the 12 months to April, official figures show. Toyota, has announced better than expected full-year results in what analysts say is a sign that supply chain disruptions for the industry may be easing as Toyota’s new chief executive Koji Sato has promised to accelerate its electric vehicle push in China. Sudan war is threatening to an important global ingredient, Gum Arabic, which is in almost everything - making the gloss on magazine pages, the froth on beer, binds in ice cream and fizzy drinks - even makes cosmetics and roll up of cigarette papers stick.