Economy
May 13, 2015
Atlanta Fed Survey Sees Inflation at 1.9 Percent for Coming Year
Written by Sandy Williams
After remaining at 1.7 percent since January, Atlanta area firms surveyed in May are now expecting inflation to rise at a 1.9 percent rate in the coming year. Compared to this time last year unit costs are up 1.6 percent. The Business Inflation Survey conducted by the Federal Reserve Bank of Atlanta is monthly survey that measures year-ahead inflationary expectations, pricing pressures and general business conditions.
Current sales levels showed improvement in May with 71 percent indicating sales levels at or above normal. Profit margins were unchanged with 59 percent indicating margins at or above normal.
