NEW YORK - U.S. inflationary pressures were higher in October as the U.S. future inflation gauge rose to 91.7 from an upwardly revised 91.0 in September, according to data released this morning by the Economic Cycle Research Institute.
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The September index was originally reported as 90.6.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year's average level, jumped to 17.3% from a revised 12.9%, originally reported as 12.1%.
“While the USFIG remains in a cyclical upturn, indicating a further dissipation of any deflation danger, we are not on the verge of an upsurge in U.S. inflation,” ECRI said in a release.
