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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
RON INSANA, CNBC ANCHOR: Now, also watching inflation, and I know you`re going to stay here with us, is Lakshman Achuthan. He`s managing director of the Economic Cycle Research Institute. He joins our conversation as well. And, Lak, you keep a very close eye on what you call your future inflation gauge. And given what we`ve seen now both in consumer and producer prices, are we in a cyclical upturn in inflation or something that might last even a little longer than that?
LAKSHMAN ACHUTHAN, MANAGING DIRECTOR, ECONOMIC CYCLE RESEARCH INSTITUTE: Well, we`re certainly in a cyclical upturn in inflation, the CPI and the PPI are coincident measures of inflation, so they kind of tell us what just recently happened or what`s going on right around now. And looking at leading indicators of inflation, they`ve been in a cyclical upturn for some time. The most recent kind of acceleration in the future inflation gauge began last spring and certainly...
INSANA: Well, we have a chart of that, in fact. I`d like to take a look in graphic terms because it does look, using one...
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