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U.S. Future Inflation Gauge Higher


NEW YORK, Dec 7 (Reuters) - U.S. inflation pressures were higher in November... a private research group's 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 119.7 in November from 119.0 in October, revised up from 116.5.

"Despite its recent uptick, the USFIG remains in a cyclical downtrend, suggesting that underlying inflation pressures are still subdued," said Melinda Hubman, research associate at ECRI.

The gauge's annualized growth rate, which smooths out
monthly fluctuations, rose to minus 0.9 percent from minus 2.1 percent in October, upwardly revised from negative 5.6.