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U.S. Future Inflation Gauge Rises


U.S. inflation pressures rose in January...

The Economic Cycle Research Institute's U.S. Future Inflation Gauge, or USFIG, which is designed to anticipate cyclical swings in the rate of inflation, rose to 122.9 from 121.3 in December.

"The USFIG remains below October's five-and-a-half-year high," the report said...

October's reading was 124.7.

The index's annualized growth rate, which smooths out monthly fluctuations, rose to 3.9 percent from an upwardly revised 1.7 percent in December.

"However, in the light of its latest uptick, it is too soon to declare that a cyclical downswing in underlying inflation pressures has already begun," said Lakshman Achuthan, managing director for ECRI.