US inflation pressures begin to mount in Jan – ECRI

NEW YORK, Feb 5 (BestGrowthStock) – A monthly gauge of U.S.
inflation pressures rose for the tenth straight month in
January, indicating a steady rise in prices in the coming
months, 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 102.0 in January from 99.0 in
December, which was revised up from an initial reading of
98.2.

“With the USFIG now advancing for ten straight months,
underlying inflation pressures are in a sustained cyclical
upswing, promising higher inflation in the coming months,” said
Lakshman Achuthan, managing director at ECRI.

The January USFIG annualized growth rate, which smooths out
monthly fluctuations, climbed to 37.6 percent from 33.8
percent, which was revised higher from an original 31.8
percent.

Stock Research

(Reporting by Ciara Linnane; Editing by Theodore d’Afflisio)

US inflation pressures begin to mount in Jan – ECRI