U.S. inflationary pressures were slightly higher in July, as the U.S. future inflation gauge climbed to 100.9 from a downwardly revised 100.7 in June, originally reported as 101.2, according to data released Friday morning by the Economic Cycle Research Institute.

"Despite its latest uptick, the USFIG remains below its earlier highs. Thus, U.S. inflation pressures continue to be fairly restrained," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

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