NY Fed: Selling Prices Hold Steady

federal reserve bank of new york

For the Supplemental Survey Report released this month by the Federal Reserve bank of New York respondents were asked about past and expected changes in both the prices firms pay for inputs and the prices they charge their customers. On average, Prices Paid For Inputs in both the manufacturing and service sectors rose 2% over the past 12 months while Selling Prices rose only 1% for manufacturers in the same time frame (it rose 2% for service sectors). Looking ahead, respondents do not expect any significant changes in the next 12 months. The median manufacturing respondent expected input prices to rise 2%, while the median service sector respondent anticipated a 2.5% increase. As far as selling prices go, the median expected increase was 2%, among both manufacturers and service sector firms. Read the full report.