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Inflation Project


Business Inflation Expectations
Special Questions Series

In addition to gauging firms' price-setting environment and year-ahead unit cost expectations, the Atlanta Fed uses the survey to investigate issues of longer-term interest for research and policy. Frequently, we will ask a "special question" designed for this purpose. Here is a summary of the special questions and responses from our panel.

December 2013: Year-ahead unit cost change expectations

Image of Special question chart

November 2013: Year-ahead unit sales level growth expectations

Image of Special question chart: Version 1
Image of Special question chart: Version 2

October 2013: Year-ahead unit sales level growth expectations

Image of Special question chart

September 2013: Firm performance as indicator of expansion/recession

Image of Special question chart

August 2013: 2015 federal funds rate projections

Image of Special question chart

July 2013: Response to increase/decrease in raw materials costs

Image of Special question chart
Image of Special question chart

June 2013

Projecting ahead, please assign a percent likelihood to the following changes to the average price of your products and/or services over the next 12 months.

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May 2013: Year-ahead unit compensation growth expectations

Projecting ahead, over the next 12 months, by roughly what percentage do you expect your firm's average compensation per worker (including benefits) to change?

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April 2013: Year-ahead unit sales level growth expectations

Projecting ahead, to the best of your ability, please assign a percent likelihood to the following changes to UNIT SALES LEVELS over the next 12 months.

Image of Special question chart
Image of Special question chart

March 2013: Percentage rise in unit costs that would trigger price increase

By what percentage would your unit costs have to increase for you to increase the prices of your products and/or services? (percentage of respondents)

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February 2013: Frequency of price change

What percentage of your products and/or services change prices ______?

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January 2013: A description of "normal" times

How would you describe "normal" times for your firm?*

  Percentage of responses
A level of demand 23%
A growth rate of revenue, sales, etc. 22%
Other (availability of credit, level of employment, average performance) 21%
An environment of price stability (stable margins/costs) 17%
Specific economic conditions (such as 3% GDP growth, low unemployment) 11%
A predictable business environment 7%
*Note: This was an open-ended question. Response types were grouped and percentages for each response type represent the percent of total responses.

Note: Percentages may not add up to 100 percent because of rounding.

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