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U.S. FIG Rises

U.S. inflationary pressures were higher in December, as the U.S. future inflation gauge grew to 100.7 from a revised 100.0 in November, originally reported as 99.6, according to data released this morning by the Economic Cycle Research Institute.

The smoothed annualized growth rate, a comparison of the latest figures to the preceding year's average level, climbed to 3.1% from a revised 2.6% in November, originally reported as 2.2%.

“With the USFIG hitting an eight-month high, there is certainly no deflation danger at this time, but inflation is likely to stay relatively restrained,” ECRI said in a release.

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