July (Reuters) - 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.
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