Latest on "inflation pressures near 2-year low - ECRI" .......................................
Fri Jun 1, 2007 11:10AM EDT
US May inflation pressures near 2-year low - ECRI
NEW YORK, June 1 (Reuters) - U.S. inflation pressures fell
in May close to a two-year low due mainly to disinflationary
moves in measures of interest rates and loans, marginally
offset by an inflationary move in a measure of vendor
performance, a report said on Friday.
The Economic Cycle Research Institute's U.S. Future
Inflation Gauge (FIG), designed to anticipate cyclical swings
in the rate of inflation, fell to 118.2 in May from 118.7 in
April, revised upward from 116.6. The previous low was at 117.5
in June 2005.
"With the U.S. FIG in a sustained cyclical downtrend, U.S.
inflation is not a serious concern at this time," said Lakshman
Achuthan, managing director at ECRI.
The index's annualized growth rate, which smooths out
monthly fluctuations, dropped to minus 3.8 percent in May from
minus 3.4 percent in April, revised from negative 5.7.
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