Inflationary pressures were lower in June as the U.S. future inflation gauge fell to a four-year low of 115.2 from a revised 116.6 in May, originally reported as 116.7, according to data released Thursday by the Economic Cycle Research Institute.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, widened to negative 3.9% from negative 2.4%.
The June decrease was driven by disinflationary moves in measures of jobs, loans, interest rates, and commodity prices, partly offset by an inflationary move in the measure of vendor performance, ECRI said.
“With the USFIG continuing to slide, underlying inflationary pressures remain in a clear cyclical downtrend,” the institute said in a release.
