Nonmanufacturing 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: 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 unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 37.8 in September 2026, versus 35.3 in the previous month.
Sample. This monthly time series has 187 data points. The series covers the span of time extending from March 2011 to September 2026.
History. Here’s a quick look at some statistics computed on the entire sample: the diffusion index had a mean of 28.6; it achieved a maximum of 80.6 in June 2022; it hit a trough of -5.3 in May 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 28.2000 |
| 2026-08-31 | 35.3000 |
| 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 | 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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