A key signal for future inflation eased in the past month, suggesting that businesses see the latest surge in prices as temporary.
The Federal Reserve Bank of Atlanta’s monthly survey of where businesses see inflation going showed the median expectation is for unit costs to rise 2.3 percent over the coming year, down from 2.4 percent a month earlier. The survey of hundreds of businesses in six states was released on Wednesday.
A year ago, businesses said they expected costs to rise 2.4 percent. In June of 2024, the expected inflation was 2.3 percent.
Business expectations for inflation are seen by some economists as important indicators of the…
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