Contact

News

 

U.S. Inflation Pressures Inch Up


U.S. inflation pressures inched up in April...

The Economic Cycle Research Institute's U.S. Future Inflation Gauge, or USFIG, rose to 121.8 in April from a downwardly revised 121.2 in March.

The index, designed to anticipate cyclical swings in the rate of inflation, was originally pegged at 121.3 in March.

"Despite its April uptick, the USFIG is clearly below its October 2005 high of 125.7. Thus, underlying inflation pressures remain in an easing trend," said Lakshman Achuthan, managing director for ECRI.

The index's annualized growth rate, which smoothes out monthly fluctuations, rose to 0.6 percent from a downwardly revised minus 0.1 percent in March. The growth rate was originally pegged at plus 0.3 percent.