NEW YORK - U.S. inflationary pressures were higher in September, as the U.S. future inflation gauge rose to 98.0 from 97.3 in August, according to data released this morning by the Economic Cycle Research Institute.
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The smoothed annualized growth rate, a comparison of the latest figures to the preceding year's average level, slipped to 1.0% from 1.1%. ECRI said the index was pulled up by inflationary moves in all components except a measure related to the industrial sector.
“Thus, U.S. inflation pressures are still restrained, but are starting to creep up,” ECRI said in a release.
