NEW YORK - U.S. inflationary pressures were higher in January, as the U.S. future inflation gauge grew to 101.6 from a revised 100.5 in December, 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 4.4% from a revised 2.7% in December.
“With the USFIG climbing to a nine-month high, underlying inflation pressures are starting to simmer,” ECRI Chief Operations Officer Lakshman Achuthan said in a release.
