U.S. inflationary pressures were higher in February as the U.S. future inflation gauge rose to 101.4 from an upwardly revised 102.1 in January, according to data released Friday by the Economic Cycle Research Institute. The January index was originally reported as 1008.2.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, slumped to 31.3% from an upwardly revised 38.0%, originally reported as 37.6%.
ECRI said a disinflationary move in a measure of commodity prices pulled the index down.
“Despite its first downtick in 11 months, the USFIG remains in a cyclical uptrend, with underlying inflation pressures continuing to trend upward,” ECRI said in its release.