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U.S. Future Inflation Gauge Ticks Up

U.S. inflation pressures ticked up in March but remain near a four-year low... 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 116.4 in March from 116.3 in February, revised upward from 115.9. It had not been that low since the 115.0 reading in January 2004.

"The USFIG remains in a cyclical downtrend, confirming that U.S. inflation pressures are still subdued. This continues to afford policy makers ample room to stimulate economic growth," said Lakshman Achuthan, managing director at ECRI.

The gauge's annualized growth rate, which smooths out monthly fluctuations, rose to minus 3.9 percent from minus 4.8 percent in February, revised from negative 5.4 percent.