Businesses’ Expected Inflation Rises to 2.8%

(Arkansas Business)

Firms’ year-ahead inflation expectations increased by 0.3 percentage points to 2.8% on average, the Federal Reserve Bank of Atlanta reported late last month in its Business Inflation Expectations Survey.

Sales levels and profit margins “compared to normal” both decreased, the bank said. Year-over-year unit cost growth fell to 2.2% on average.