SHARE
US FIG Hits 26-Year Low
Inflationary pressures in the U.S. economy plunged to the lowest levels in a generation during October, a report said Friday.
The Economic Cycle Research Institute's future inflation gauge, an index designed to anticipate cyclical turning points in inflation, fell to a 26-year low of 96 in October versus a revised 99.2 for September, ECRI said.
The index is based on a 1992 reading of 100.
The smoothed annualized growth rate of the index dropped to a 20-year low of -19.7% in October from -17% last month.
"Today inflation pressures are at their lowest levels in a generation because of the first synchronous global recession since 1973-75," the report said.
Weekly updates of the index are released only to subscribers.
The Economic Cycle Research Institute's future inflation gauge, an index designed to anticipate cyclical turning points in inflation, fell to a 26-year low of 96 in October versus a revised 99.2 for September, ECRI said.
The index is based on a 1992 reading of 100.
The smoothed annualized growth rate of the index dropped to a 20-year low of -19.7% in October from -17% last month.
"Today inflation pressures are at their lowest levels in a generation because of the first synchronous global recession since 1973-75," the report said.
Weekly updates of the index are released only to subscribers.
VIEW THIS ARTICLE ON DOW JONES NEWS