U.S. inflationary pressures were slightly lower in November, as the U.S. future inflation gauge slipped to 102.5 from an upwardly revised 103.6 in October, originally reported as 103.5, according to data released Friday morning by the Economic Cycle Research Institute.

"Despite its latest dip, the USFIG remains above the lows of the summer," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, U.S. inflation pressures are still somewhat elevated."

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