ECRI Says Inflation Pressure Fell in May 2008

ECRI says U.S. inflation pressures slipped in May, as disinflationary moves in measures of jobs, loans and vendor performance offset inflationary moves in interest rates and commodities prices, 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, slipped to 116.7 in May from 116.9 in April, revised from 117.2.

The index's annualized growth rate, which smooths out monthly fluctuations, rose to minus 2.2 from minus 2.5 percent in April, revised from negative 2.0 percent.