ECRI Inflation Gauge Rises to 104.7 in May

U.S. inflationary pressures were higher in May, as the U.S. future inflation gauge climbed to 105.2 from the revised March 104.9 reading, according to data released Friday morning by the Economic Cycle Research Institute.

The April reading was initially reported as 104.7.

"With the USFIG reaching a 13-month high, underlying inflation pressures have begun to build," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

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