US inflation ticks higher but tariff impact remains muted

Prices for toys, car parts and major appliances jumped in the US last month, but the overall impact of Donald Trump's new tariffs on consumers remained relatively muted. Inflation, the pace of price increases, picked up to 2.4% in May, rising from 2.3% in April, the Labor Department said. That came as higher prices for some items were offset by declines in other areas, such as petrol, airfares and clothing. The…