ECRI Inflation Gauge Rises to 105.4 in April

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U.S. inflationary pressures were slightly higher in April, as the U.S. future inflation gauge climbed to 105.4 from a downwardly revised 103.9 in March, originally reported as 104.0, according to data released Friday morning by the Economic Cycle Research Institute.

"Despite its April uptick, the USFIG remains below its recent high. Thus, U.S. inflation pressures remain reasonably restrained," ECRI Chief Operations Officer Lakshman Achuthan said in a release.

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