U.S. inflation gauge falls to 7-mth low in June-ECRI

NEW YORK, July 2 (BestGrowthStock) – A monthly measure of U.S.
inflation pressures fell to a 7-month low in June, reflecting
disinflationary forces in the industrial sector, a research
group said on Friday.

The Economic Cycle Research Institute’s U.S. Future
Inflation Gauge (USFIG), designed to anticipate cyclical swings
in the rate of inflation, fell to 97.4 in June from a revised
99.7 in May, which was originally reported at 98.9.

“Underlying inflation pressures are easing further,
although deflation dangers are not yet back on the table,” ECRI
said in a statement.

The USFIG annualized growth rate, which smooths out monthly
fluctuations, fell to 5.7 percent in June from a revised 14.0
percent. The May figure was originally reported at 12.5
percent.

(Reporting by John Parry; Editing by Chizu Nomiyama)

U.S. inflation gauge falls to 7-mth low in June-ECRI