NEW YORK - U.S. inflationary pressures were higher in April as the U.S. future inflation gauge rose to 100.8 from a downwardly revised 101.0 in March, according to data released this morning by the Economic Cycle Research Institute.
The March index was originally reported as 102.1.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year's average level, slumped to 21.2% from a downwardly revised 26.5%, originally reported as 28.9%. ECRI said disinflationary moves in all components except measures of commodity prices and employment, which strengthened, pulled the index down.
“After a strong surge last year that took deflation off the table, the USFIG has flattened out in 2010, suggesting that inflation is not a near-term danger,” ECRI said in a release.
