UK inflation hits four-year low on oil price fall, COVID impact

LONDON (Reuters) - British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices tumbled, leaving the Bank of England free to ramp up its stimulus programme again.Consumer price inflation slowed to 0.5% from April's 0.8%, the Office for National Statistics said, in line with the average forecast in a Reuters poll of economists."There was a continued drop in prices at the pump in May, following the huge crude price..