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To: PAUL ROBERTSON who wrote (45529)	12/3/1999 12:26:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116764

ECRI Inflation Gauge at 4 Year High: NEW YORK, Dec 3 (Reuters) - The Economic Cycle Research Institute's (ECRI) monthly U.S. future inflation gauge (FIG) posted a new four-year high, the Institute said on Friday. The November FIG rose to a record reading of 116.4 from 115.5 in October. The annualized growth rate also shot upward to 8.9 percent in November from a downwardly revised 8.5 percent the previous month. "With strong domestic growth accompanying a global economic downturn, the FIG is now at a new four-year high, indicating that underlying inflationary pressures are in a clear cyclical uptrend," the report said. The overall rise was driven by faster growth in industrial materials prices, real estate loans and employment. A narrower yield spread, partly offset by a modest drop in the number of purchasing managers reporting slower delivery speeds, also contributed to the rise, the report said. The future inflation gauge is designed to anticipate cyclical turning points in the rate of inflation.