REFILE-US inflation pressures lowest since Jan 2004 -ECRI

(Refiles to fix day in lead paragraph to Thursday)

NEW YORK, July 3 (Reuters) - U.S. inflation pressures fell
in June to more than a four-year low, driven by disinflationary
moves in measures of jobs, loans, interest rates and commodity
prices, a report said on Thursday.

The Economic Cycle Research Institute's U.S. Future
Inflation Gauge (USFIG), designed to anticipate cyclical swings
in the rate of inflation, slipped to 115.2 in June from 116.6
in May revised from 116.7.

The reading was the lowest since January 2004, when the
index stood at 114.8.

"Despite higher oil prices and the weaker dollar, the USFIG
continues to slide as underlying inflation pressures in the
U.S. remain in a cyclical downtrend," said Lakshman Achuthan,
managing director at ECRI, in an instant message interview.

"This decline in the USFIG stands in stark contrast to the
comparable Euro zone FIG, which raced to a 17-year high
today."

The USFIG annualized growth rate, which smooths out monthly
fluctuations, fell in June to minus 3.9 percent from minus 2.4
percent in May, revised down from negative 2.2 percent.
(Reporting by Rodrigo Campos; Editing by James Dalgleish)