U.S. inflationary pressures were lower in July as the U.S. future inflation gauge fell to 96.1 from 96.4 in June, according to data released Friday by the Economic Cycle Research Institute. The June index was originally reported as 97.4.

The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, slumped to 0.8% in July from 3.7%. The June rate was originally reported as 5.7%.

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