ECRI Inflation Gauge Jumps to 100.7 in December
Friday, January 7, 2011
By Gary Siegel
NEW YORK – U.S. inflationary pressures were higher in December, as the U.S. future inflation gauge grew to 100.7 from a revised 100.0 in November, originally reported as 99.6, according to data released this morning by the Economic Cycle Research Institute.
The smoothed annualized growth rate, a comparison of the latest figures to the preceding year’s average level, climbed to 3.1% from a revised 2.6% in November, originally reported as 2.2%.
“With the USFIG hitting an eight-month high, there is certainly no deflation danger at this time, but inflation is likely to stay relatively restrained,” ECRI said in a release.