U.S. inflation pressure rises in August-ECRI

NEW YORK, Sept 3 (BestGrowthStock) – A monthly measure of potential
U.S. future inflation rose in August but continued to signal
muted pressure, a research group said on Friday.

The Economic Cycle Research Institute’s U.S. Future
Inflation Gauge (USFIG), designed to anticipate cyclical swings
in the rate of inflation, rose to 96.7 in August from 95.2 in
July, originally reported at 96.1.

“Thus, U.S. inflation pressures remain subdued, but are not
indicating deflation danger at this time,” ECRI Managing
Director Lakshman Achuthan said in a statement.

The USFIG annualized growth rate, which smooths out monthly
fluctuations, rose to 0.2 percent from minus 1.0 percent,
originally reported as 0.8 percent.

The reading was pulled higher by inflationary moves in all
components apart from one related to the industrial sector,
said Achuthan.
(Reporting by Ciara Linnane; Editing by Padraic Cassidy)

U.S. inflation pressure rises in August-ECRI