Inflationary pressures were lower in August as the U.S. future inflation gauge fell to a six-year low of 109.3 from an unrevised 112.4 in July, according to data released this morning 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 11.0% from negative 7.5%, originally reported as negative 7.6%.

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