U.S. inflationary pressures were higher in February, as the U.S. future inflation gauge grew to 102.1 from a revised 101.9 in January, originally reported as 101.6, according to data released Friday by the Economic Cycle Research Institute.

“With the USFIG rising to a 29-month high, underlying inflation pressures remain in a cyclical upswing,” ECRI chief operations officer Lakshman Achuthan said in a release.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.