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U.S. Future Inflation Gauge Falls


NEW YORK, Nov 3 (Reuters) - U.S. inflation pressures fell in October, pulled down... a report said on Friday.


Inflationary moves..., said the report by the Economic Cycle Research Institute.


Its U.S. Future Inflation Gauge, which is designed to anticipate cyclical swings in the rate of inflation, fell to 119.9 in October from 121.6 in September, revised up from 120.3 in September.


"The decline in the USFIG, which had already been pervasive and persistent, is finally becoming pronounced," said Anirvan Banerji, director of research at ECRI, adding "Underlying inflationary pressures are in a clear cyclical downswing."


The index's annualized growth rate, which smoothes out monthly fluctuations, dropped to minus 3.7 percent from an upwardly revised minus 1.4 percent in September.