by Stephanie Landsman
Economic forecaster Lakshman Achuthan sees evidence inflation is making a comeback.
“It’s made a very clear cyclical upturn,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday.
He shows the trend in a special chart of his U.S. future inflation gauge, a proprietary leading indicator, and core CPI.
According to Achuthan, the future inflation gauge bottomed five months ago. But he didn’t have a high conviction view on a material inflation resurgence until now.