New Delhi, June 11 -- Underlying US inflation ticked up in May but was lower than the forecast, data showed on Wednesday. This is the fourth straight month that US core inflation has come out to be lower than expected even as President Donald Trump's sweeping new tariffs began to shake up the world's biggest economy.

The consumer price index, excluding the food and energy categories that can often be volatile, increased 0.1 per cent from April, according to Bureau of Labor Statistics data out Wednesday. From a year ago, it rose 2.8 per cent, as per data reviewed by Bloomberg.

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