Inflation pressures continue to rise in the U.S. economy

By Staff -- Purchasing, 1/13/2000

Inflation pressures continue to rise in the U.S. economy, according to the Economic Cycle Research Institute (ECRI) in New York. ECRI's monthly Future Inflation Gauge (FIG), designed to anticipate cyclical swings in the rate of inflation, rose to 116.4 (1992=100) in November from 115.5 in October. Its smoothed annualized growth rate rose to 8.9% from 8.5%. "With strong domestic growth accompanying a global economic upturn, the FIG is now at a four-year high, indicating that underlying inflationary pressures are in a clear cyclical uptrend," ECRI says.

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