Contact

News

 

U.S. Future Inflation Gauge Edges Up


U.S. inflation pressures edged up in September... a report said on Friday.


The Economic Cycle Research Institute's U.S. Future Inflation Gauge (USFIG), designed to anticipate cyclical swings in the rate of inflation, rose to 117.4 in September from 117.2 in August, revised upwards from 116.8.


"Despite the latest uptick in the USFIG, underlying inflation pressures remain in a cyclical downtrend," said Lakshman Achuthan, managing director at ECRI.


The index's rise was partly offset... the report said.


The FIG's annualized growth rate, which smooths out monthly fluctuations, went to minus 4.9 percent in September from minus 5.6 in August, which was revised from an initially reported negative 5.1.