Inflationary pressures were lower in June as the U.S. future inflation gauge fell to a four-year low of 115.2 from a revised 116.6 in May, originally reported as 116.7, according to data released Thursday 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 3.9% from negative 2.4%.

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