Inflationary pressures were higher in September, as the U.S. future inflation gauge grew to 99.9 from a revised 99.2 in August, originally reported as 99.5, according to data released Friday morning by the Economic Cycle Research Institute.
“Despite its recent uptick, the [future inflation gauge] is still close to July’s 10-month low. Thus, U.S. inflation pressures remain in a cyclical downtrend,” Lakshman Achuthan, the institute’s chief operations officer, said in a release.