U.S. FIG Dips in December
U.S. inflationary pressures were down slightly in December, as the U.S. future inflation gauge declined to 113.0 from a downwardly revised 113.6 reading in November, first reported as 113.8, according to data released Friday morning by the Economic Cycle Research Institute.
"The USFIG slipped in December, while staying near November's 8½-year high," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures continue to be elevated."