U.S. inflationary pressures were higher in July, as the U.S. future inflation gauge climbed to 106.9 from the unrevised June 105.5 reading, according to data released Friday morning by the Economic Cycle Research Institute.
"With the USFIG rising further to a 71-month high, underlying inflation pressures are clearly ratcheting up," ECRI Chief Operations Officer Lakshman Achuthan said in a release.