U.S. Future Inflation Unchanged in May

Newman, Emily
June 2003
Bond Buyer;6/9/2003, Vol. 344 Issue 31652, p2
Trade Publication
U.S. future inflation gauge stayed at 116.6 in May 2003, unchanged from April's downwardly revised figure, according to data released by Economic Cycle Research Institute. The gauge, which is designed to anticipate cyclical swings in the rate of inflation, was originally reported as 119.4 in April 2003. Smoothed annualized growth rate, a comparison of the latest figure to the preceding year's average level, fell to 3.7 percent from a revised 6.0 percent in April 2003, originally reported as 11.3 percent.


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