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Inflation Gauge Dropped 0.8 Points In September

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NEW YORK (10/7/13)--A key measure of future inflation dropped 0.8 points in September--a decline consistent with predictions about modest economic growth.

The New York City-based Economic Cycle Research Institute (ECRI) Future Inflation Gauge fell to 100 in September, down 4.9 points from the 104.9 average between January and May (Moody's Economy.com Oct. 4).

The metric has a reliable history of predicting inflation three to four quarters in advance.

The ECRI measure of future economic growth in the U.S., the Weekly Leading Index, also declined this week to a four-week low, falling from 132.9 to 132.1 (Reuters Oct. 4).