ECRI's US FIG Indicates Building Inflation Pressure

On Friday June 6, 2014, the Economic Cycle Research Institute (ECRI), a New York-based independent forecasting group, released its latest readings for its proprietary U.S. Future Inflation Gauge (USFIG) for May 2014.  The value of the USFIG lies in its ability to measure underlying inflationary pressures and thereby predict turning points in the U.S. inflation cycle.

In the latest release, for the week ending May 16, 2014, USFIG rose ECRI’s USFIG rose a bit further in May to 105.2 from the March reading of 104.9.

Lakshman Achuthan,ECRI's managing director, said "With the USFIG reaching a 13-month high, underlying inflation pressures have begun to build."

ECRI’s Recommended Books:

• Beating the Business Cycle By Lakshman Achuthan, Anirvan Banerji
• Analyzing Modern Business Cycles: Essays Honoring Geoffrey H. Moore (Paperback) by Philip A. Klein (Editor)