 Consumer prices were flat from April to May. The mildest performance in more than four years has the Personal Consumption Expenditures Index, or PCE, a government report. Measured from a year earlier, prices rose 2.6% last month, slightly less than in April. When you take out volatile food and energy costs like gasoline, inflation from April to May was just 0.01%. It's encouraging for those hoping for Federal Reserve rate cuts that could lower home, auto, and other loans. ABC's Chuck Sievertson.