Inflationary pressures were lower in November as the U.S. future inflation gauge fell to a 47-year low of 88.5 from a downwardly revised 92.7 in October, originally reported as 95.5, according to data released yesterday 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 35.3% from negative 31.8%, originally reported as negative 28.1%.
The November decrease was driven by disinflationary moves in all available components, according to the ECRI.
“With the USFIG nose-diving to its lowest reading since 1961, U.S. inflation pressures have collapsed,” the institute said in a release.
