U.S. inflationary pressures were down slightly in December, as the U.S. future inflation gauge declined to 113.0 from a downwardly revised 113.6 reading in November, first reported as 113.8, according to data released Friday morning by the Economic Cycle Research Institute.

"The USFIG slipped in December, while staying near November's 8½-year high," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures continue to be elevated."

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.