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Friday, June 03, 2011

ECRI's US-FIG Down Again in May

The Economic Cycle Research Institute, ECRI, released its latest readings for its proprietary monthly Future Inflation Gauges this morning.  ECRI says the value of their U.S. Future Inflation Gauge (USFIG) "lies in its ability to measure underlying inflationary pressures and thereby predict turning points in the U.S. inflatinon cycle."  (More about ECRI)
In May, the USFIG fell to 101.0, down from a revised 102.9 in April.    My chart below of CPI vs USFIG vs "expected inflation" for the next decade shows USFIG was down for the second straight month.
Commenting on today's release, ECRI's Co-Founder, Chief Operations Officer and author of "Beating the Business Cycle", Lakshman Achuthan said: "With the USFIG hitting a seven-month low, underlying inflation pressures have clearly begun to recede."

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