U.S. inflationary pressures were lower in October as the U.S. future inflation gauge fell to 81-month low of 95.5 from a downwardly revised 103.5 in September, originally reported as 103.7, 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 28.1% from negative 18.2%, originally reported as negative 17.8%. The October decrease was driven by disinflationary moves in all available components.

“With the USFIG plunging to its lowest reading in nearly seven years, U.S. inflation pressures are being eviscerated,” ECRI said in a release.

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