Contact

News

 

U.S. Future Inflation Gauge Lowers


NEW YORK, Nov 2 (Reuters) - U.S. inflation pressures were lower in October... 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, fell to 116.5 in October from 117.1 in September, downwardly revised from 117.4.


"With the USFIG falling for two years, underlying inflation pressures remain restrained," said Melinda Hubman, research associate at ECRI.


The index's downtick was partly offset by an inflationary move in a measure of loans. the report said.


The inflation gauge's annualized growth rate, which smooths out monthly fluctuations, fell to minus 5.6 percent from minus 5.2 in August, revised down from negative 4.9.