NEW YORK - U.S. inflationary pressures were higher in September as the U.S. future inflation gauge rose to 90.6 from an upwardly revised 89.7 in August, according to data released this morning by the Economic Cycle Research Institute.
Processing Content
The August index was originally reported as 89.6.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year's average level, jumped to 12.1% from a revised 6.6%, originally reported as 6.5%.
“At this point, the upturns in the USFIG and its components have become fairly pronounced, pervasive and persistent. Thus, while this is not yet a significant policy concern, U.S. inflation is on the cusp of a cyclical upswing,” ECRI said in a release.
