Nonmanufacturing 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: Nonmanufacturing Business Outlook Survey (Philly FED)
Download Full Dataset (.xlsx)Latest updates. Based on firms' responses to the Nonmanufacturing Business Outlook Survey carried out by the Philadelphia FED, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 37.8 in September 2026, compared to 29.2 in August.
Sample. This monthly series has 187 observations. The time period covered by the series extends from March 2011 to September 2026.
History. Have a look at a few descriptive statistics computed on the entire sample: the diffusion index was equal on average to 28.5; it hit a minimum of -8.3 in May 2020; it hit a peak of 76.8 in October 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 28.2000 |
| 2026-08-31 | 29.2000 |
| 2026-09-30 | 37.8000 |
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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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