U.S. inflationary pressures were up in July, as the U.S. future inflation gauge grew to 101.2 from an revised June 100.8 reading, first reported as 100.5, according to data released Friday morning by the Economic Cycle Research Institute.
"Having increased in July, the USFIG has risen further above March's 16-month low," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "However, it still stands well below its earlier highs, indicating that underlying inflation pressures are relatively restrained."
