U.S. inflation pressures ease in April vs March-ECRI

NEW YORK, May 7 (BestGrowthStock) – A monthly measure of U.S.
inflation pressures eased slightly in April after hitting an
18-month high in March, 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, fell to 100.8 in April from a revised
101.0 in March, originally reported as 102.1.

“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 Managing Director
Lakshman Achuthan said in a statement.

The gauge was pulled down by disinflationary moves in all
components apart from employment and commodity prices, he
said.

The March USFIG annualized growth rate, which smooths out
monthly fluctuations, fell to 21.2 percent from a revised 26.5
percent in March, originally reported as 28.9 percent.

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(Reporting by Ciara Linnane, Editing by Chizu Nomiyama)

U.S. inflation pressures ease in April vs March-ECRI