NEW YORK - U.S. inflationary pressures were higher in November as the U.S. future inflation gauge rose to 95.7 from an upwardly revised 93.0 in October, according to data released this morning by the Economic Cycle Research Institute.
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The October index was originally reported as 91.7.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year's average level, jumped to 26.8% from a revised 20.2%, originally reported as 17.3%. ECRI said jobs and commodity prices pushed the index up.
“With the USFIG rising for eight straight months to a 14-month high, U.S. inflation pressures are beginning to simmer,” ECRI said in a release.
