-->U.S. FIG Rises Further
October 4, 2002
NEW YORK, Oct 4 (Reuters) - U.S. inflation jumped in September, buoyed by a continued surge in real estate loans and rising industrial commodities prices, a report showed on Friday.
The Economic Cycle Research Institute's Future Inflation Gauge rose to 113.3 last month from 109.4 in August, ECRI said.
"The persistent rise in the (index) shows that, even with a subpar economic recovery, U.S. inflationary pressures are in a clear cyclical upswing," ECRI said in its monthly report.
The annualized growth rate, which smoothes out monthly fluctuations, rose to 25.9 percent in September from 19.5 percent in August.
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