U.S. inflationary pressures were lower in August as the U.S. future inflation gauge fell to six-year low of 103.7 from a downwardly revised 107.3 in August, originally reported as 109.3, according to data released Friday by the Economic Cycle Research Institute.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, widened to negative 17.8% from negative 13.9%, originally reported as negative 11.0%.
The September decrease was driven by disinflationary moves in measures of commodity prices, labor market conditions, loans and interest rates, offset in part by an inflationary move in a measure of vendor performance, ECRI said.
“With the USFIG diving to a new 76-month low, underlying inflationary pressures are clearly in rapid retreat,” ECRI said in a release.
