ECRI U.S. inflation gauge falls to 5-mth low in May

NEW YORK, June 4 (BestGrowthStock) – A monthly measure of U.S.
inflation pressures fell to a five-month low in May as
commodity price pressures ebbed, said a research group on
Friday.

The Economic Cycle Research Institute’s U.S. Future
Inflation Gauge (USFIG), designed to anticipate cyclical swings
in the rate of inflation, fell to 98.9 in May from a revised
101.8 in April. The original number reported in April was
100.8.

“With the USFIG falling to a five-month low, underlying
inflation pressures appear to be ebbing,” said ECRI Managing
Director Lakshman Achuthan said in a statement.

The May USFIG annualized growth rate, which smooths out
monthly fluctuations, fell to 12.5 percent from a revised 23.4
percent. The April figure was originally reported at 21.2
percent.

Growth Stocks
(Reporting by Caryn Trokie, Editing by Chizu Nomiyama

ECRI U.S. inflation gauge falls to 5-mth low in May