U.S. inflationary pressures were up slightly in August, as the U.S. future inflation gauge grew to 111.9 from 111.5 in July, according to data released Friday morning by the Economic Cycle Research Institute.

"The USFIG ticked up in August, but is still well below last fall’s cyclical peak," ECRI Chief Operations Officer Lakshman Achuthan said in a release. "Thus, underlying inflation pressures remain in a cyclical downswing."

Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.