Manufacturing Business Outlook Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Philly FED - Monthly
This series is part of the dataset: Manufacturing Business Outlook Survey (Philly FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Third Federal Reserve District, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 46.9 in January 2026, compared to 49.3 in December 2025.
Sample. There are 693 data points overall in the monthly series shown in the graph above. The span of time covered by the series is from May 1968 to January 2026.
History. Here's a peek at a few simple statistics computed on the whole sample: the diffusion index hit a maximum of 91.1 in March 1974; it hit a trough of -35.5 in April 2009; it had a mean value of 29.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 58.9 |
| 2025-12-31 | 49.3 |
| 2026-01-31 | 46.9 |
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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 | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Philadelphia |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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