U.S. inflationary pressures were higher in January as the U.S. future inflation gauge rose to 100.2 from an upwardly revised 99.0 in December, according to data released Friday by the Economic Cycle Research Institute.
The December index was originally reported as 98.2.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, jumped to 37.6% from an upwardly revised 33.8%, originally reported as 31.8%. ECRI said inflationary upswings in most of its components pushed the index up.
“With the USFIG now advancing for 10 straight months, underlying inflation pressures are in a sustained cyclical upswing, promising higher inflation in the coming months,” ECRI said in a release.