NEW YORK (11/12/13)--A key predictor of future inflation reached a new low this year in October.
The New York-based Economic Cycle Research Institute released data on Friday showing that its U.S. future inflation index fell to 99.5 last month, down from 100 in September. It's the first time in 2013 that the measure has dipped below 100 (Economy.com Nov. 8).
The ECRI's Weekly Leading Index, a gauge of future economic growth, fell in the week ending Nov. 1 to a three-week low of 131--down from 131.4 the prior week.
The independent research firm's annualized growth rate for the week ending Nov. 1 was 1.8%--up from 1.7% last week when the measure hit a 14-month low.