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U.S. FIG Edges Up

An index of inflation pressures rose slightly in April, showing that inflation is edging higher in the economic recovery but remains tame, the Economic Cycle Research Institute (ECRI) said on Friday.

ECRI said its U.S. Future Inflation Gauge (FIG) rose to 97.7 in April from 97.6 in March. After peaking at 124.7 in April2000, the inflation index has fallen sharply as the economic slump took hold.

"U.S. inflation pressures are in a gentle uptrend but are not far above January's 26-year low. Inflation is therefore likely to start rising this year while staying relatively subdued," the report said.

The smoothed annualized growth rate rose to -4.0 percent in April from a revised -6.0 percent in March.