I just thought I would inject something germaine to the subject of this thread for a change from Steve Kaplan's site: :)
GAUGES OF FUTURE INFLATION:
The Economic Cycle Research Institute (ECRI) future inflation gauge (FIG) for December, released January 7, 1999, was at 117.9, up from 117.4 for November (upwardly revised from 116.4). Its smoothed annualized growth rate dipped to 10.2% from 10.4% (revised upward from 8.9%). This index is now at a five-year high. The September-October 1999 rise represented the biggest two-month advance in the FIG in 16 years.
The Columbia University Center for International Business Cycle Research (CIBCR) monthly leading inflation index, released January 7, 1999 for the month of December, was measured at 109.6, up from 108.3 (downwardly revised from 109.1) in November, and marking its sixth consecutive monthly increase. Its smoothed semi-annualized growth rate rose to 10.1% from 8.9% (revised upward from 5.4%), and is at a six-year high.
Live long and prosper,
Little jOe |
