Inflationary pressures were lower in January as the U.S. future inflation gauge fell to a 50-year low of 81.8 from a downwardly revised 84.5 in December, originally reported as 88.5, 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 38.8% from negative 37.9%, originally reported as negative 36.5%.

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