NEW YORK - U.S. inflationary pressures were slightly lower in June, as the U.S. future inflation gauge dropped to 101.2 from an unrevised 102.3 in May, according to data released Friday morning by the Economic Cycle Research Institute.

"With its latest dip, the USFIG has dropped further below last year's cyclical high. Thus, U.S. inflation pressures are clearly in retreat," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

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