U.S. inflation pressures ease in September - ECRI

NEW YORK, Oct 8 (Reuters) - A monthly measure of U.S. inflation pressures rose in September, pushed up by inflationary moves in all components except the industrial sector, 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 98.0 in September from 97.3 in August, which was originally reported at 96.7.

“Thus, U.S. inflation pressures are still restrained, but are starting to creep up,” ECRI Managing Director Lakshman Achuthan said in a statement.

The USFIG annualized growth rate, which smooths out monthly fluctuations, fell to 1.0 percent from a revised 1.1 percent, originally reported as 0.2 percent. (Reporting by Ciara Linnane; Editing by Padraic Cassidy)