U.S. FIG Rises in October
U.S. inflationary pressures were up in October, as the U.S. future inflation gauge gained to 113.7 from an upwardly revised 113.2 reading in September, first reported as 113.1, according to data released Friday morning by the Economic Cycle Research Institute.
"The USFIG increased in October to a 101-month high," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures are still ratcheting up."