Empire State Manufacturing Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 37.6 in December 2025, compared to 49.0 in November.
Sample. There are 294 data points overall in the monthly series displayed in the plot above. The series covers the time range going from July 2001 to December 2025.
History. Here’s a quick look at some summary statistics computed on the whole sample: the diffusion index had a mean value of 31.0; it recorded a maximum of 86.4 in April 2022; it reached its lowest level of -18.2 in January 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 52.4 |
| 2025-11-30 | 49.0 |
| 2025-12-31 | 37.6 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did prices paid increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of New York |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
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