Underlying inflationary pressures plunged further in October, according to the U.S. Future Inflation Gauge (USFIG) published by Economic Cycle Research Institute (ECRI). The value of ECRI's USFIG lies in its ability to measure underlying inflationary pressures and thereby predict turning points in the U.S. inflation cycle.
The USFIG dived to 95.5 (1992=100) in October from 103.5 in September, while its smoothed annualized growth rate plummeted to -28.1% from -18.2%. The gauge was pulled down in October by disinflationary moves in all available components.
Lakshman Achuthan of ECRI states:
With the USFIG plunging to its lowest reading in nearly seven years, U.S. inflation pressures are being eviscerated.
http://seekingalpha.com/article/104960-u-s-future-inflation-gauge-tumbles-to-81-month-low