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Business Inflation Expectations Broadly Unchanged – Atlanta Fed

US DATA
  • The Atlanta Fed’s Business Inflation Expectations (BIE) survey saw the monthly survey of expected change in unit costs over the next year increase a tenth to 2.39%.
  • It has lifted off the recent low of 2.23% in Jan for the highest since Nov’23, and whilst it remains low by post-pandemic standards, it’s to close the gap to the 2019 average of 1.94%.
  • The quarterly survey of 5-10Y expectations meanwhile was unchanged at 2.8%.
  • It has largely plateaued at this level since 2H23 having returned to the 2.8% averaged through 2012-19.
  • You can find the full survey, including the outlook for sales, here: https://www.atlantafed.org/research/inflationproject/bie

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