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US Inflation Pressures Lowest Since June 1958


U.S. inflation pressures fell in February to a fresh 50-year low, indicating consumer prices may decline further, a research group said on Friday.

The Economic Cycle Research Institute's U.S. Future Inflation Gauge (USFIG), designed to anticipate cyclical swings in the rate of inflation, dropped to 80.9 in February from 81.5 in January, revised down from 81.8.

The reading was the lowest since June 1958, when it stood at 79.3.

"The USFIG has dropped to a fresh 50-year low and remains in a decisive downswing, underscoring the absence of inflation pressures and pointing to a further decline in U.S. consumer prices," said Lakshman Achuthan, managing director at ECRI...

The USFIG annualized growth rate, which smooths out monthly fluctuations, edged up in February to minus 36.7 percent from minus 39.1 in the previous month.
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