U.S. inflationary pressures were slightly higher in April than in March, as the future inflation gauge rose to 78.2 from a downwardly revised 77.9 in March, originally reported as 79.3, according to data released Friday by the Economic Cycle Research Institute.

The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, narrowed to negative 33.7% from negative 38.0%.

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.