Manufacturing Business Outlook Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 survey data about manufacturers based in Pennsylvania, New Jersey and Delaware, the seasonally unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 46.4 in January 2026, compared to 38.5 in December 2025.
Sample. This monthly series has 693 records. The span of time covered by the series is from May 1968 to January 2026.
History. Here's a snapshot of some simple statistics we calculated on the whole sample: the diffusion index averaged 29.4; it recorded its maximum of 91.0 in March 1974; it recorded a minimum of -39.5 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 48.4 |
| 2025-12-31 | 38.5 |
| 2026-01-31 | 46.4 |
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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 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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