NEW YORK - U.S. inflationary pressures were higher in November, as the U.S. future inflation gauge grew to 99.6 from an unrevised 97.4 in October, 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 positive 2.2% from a revised negative 0.9% in October, originally reported as negative 1.0%.
“With the USFIG hitting a six-month high, deflation fears look increasingly overblown, though an upsurge in inflation is not yet a serious concern,” ECRI said in a release.
