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Inflation Not a Near-Term Danger

A monthly measure of U.S. inflation pressures eased slightly in April after hitting an 18-month high in March, a research group said on Friday.

The Economic Cycle Research Institute's U.S. Future Inflation Gauge (USFIG), designed to anticipate cyclical swings in the rate of inflation, fell to 100.8 in April from a revised 101.0 in March, originally reported as 102.1.

"After a strong surge last year that took deflation off the table, the USFIG has flattened out in 2010, suggesting that inflation is not a near-term danger," ECRI Managing Director Lakshman Achuthan said in a statement.

The gauge was pulled down by disinflationary moves in all components..., he said.

The March USFIG annualized growth rate, which smooths out monthly fluctuations, fell to 21.2 percent from a revised 26.5 percent in March, originally reported as 28.9 percent.