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It also helps inform our view of the sources of cost changes and provides insight into the factors driving businesses' pricing decisions. Subscribe to Email Updates Subscribe to Email Updates Close Enter your information First name * Last name * Email * Message * * Required field Success! :-) Failure :-( 2.3%% Business Inflation Expectations (June data) Updated: June 17, 2026 Downloads Download the data Download the Chart Pack Related Links Request microdata Latest Data & News Findings & Results Special Questions About the Survey BIE in the Media Panel Membership Current economic environment: Sales levels and profit margins “compared to normal” decreased. Year-over-year unit cost growth remained constant at 2.4 percent, on average Quarterly questions: Firms’ long-run (five to 10 years ahead) unit-cost expectations remained constant from March 2026 at 2.8 percent. Special questions: In June's special questions, we asked firms to consider the cost of onboarding and training new hires. Select a chart: Year-Ahead Inflation Expectation Year-over-Year Unit Costs Current Sales levels Current Profit Margins Longer-Run Inflation Expectations Realized and Expected Price Changes Quantitative Sales Gap De-identified Business Inflation Expectations microdata is now available for use by external researchers. Please complete the request form. Latest Results as Chart Packs: 2026 June 2026  May 2026  April 2026  March 2026  February 2026  January 2026  2025 December 2025  November 2025  October 2025  September 2025  August 2025  July 2025  June 2025  May 2025  April 2025 March 2025 February 2025 January 2025 2024 December 2024 November 2024 October 2024 September 2024 August 2024 July 2024 June 2024 May 2024 April 2024 March 2024 February 2024 January 2024 2023 December 2023 November 2023 Show Filters Date From: To: Reset Submit No results were found. Please adjust the selected filters or try resetting them to default. Reset Filters 0 -- 0 -- , , , — 0 || ContentTypes.length 0) -- 0 -- 0 -- 0 -- 0 -- The Business Inflation Expectations (BIE) is fielded by the Federal Reserve Bank of Atlanta. It was designed, tested and refined by the Atlanta Fed Economic Research Survey Center. Our monthly Business Inflation Expectations (BIE) Survey goes to about 640 panel members (as of June 2023), who occupy executive and managerial positions at 6th district's firms. We contact panel members each month by email, and they respond via a web-based instrument. Survey questions pertain to current, past, and future outcomes at the respondent's firm. Our primary objective is to elicit the respondent's subjective forecast distributions over own-firm future unit-cost growth. We gather qualitative information on firms' sales levels and margins on a monthly basis. We include a set of rotating quarterly questions covering firms' longer-run probabilistic unit-cost expectations, quantitative sales gaps, and factors influencing pricing. Our survey also includes space of special questions on timely, policy-relevant topics. Survey Release Dates The survey period runs from Monday to Friday, typically at midmonth. Survey release dates are scheduled for the following Wednesday, except in cases where the release would conflict with the Federal Open Market Committee (FOMC) blackout period, which begins at midnight ET the second Saturday before meetings of the FOMC and lasts until midnight ET the day after a meeting ends. In such cases, the release is changed to respect the FOMC's communications guidelines. 2026 January 21 February 18 March 18 April 22 May 20 June 17 July 22 August 19 September 23 October 21 November 18 December 23 "Opinion: I'm OK, but Things Are Terrible," New York Times, September 7, 2023. "Opinion: Core Inflation Is Outdated. Time to Look at Supercore and Other Measures." New York Times, June 16, 2023. "Why Don't Americans Recognize that Inflation is Down and Incomes Are Up?," Washington Monthly, May 23, 2023. "Opinion: Which Inflation Measures Matter?," New York Times, April 25, 2023. To make sound policy decisions in a shifting landscape, our policymakers look to business leaders to learn more about their expectations, the challenges they face, and their overall view of economy. Now more than ever, input from business decision-makers will be key to our understanding of the path forward. We hope you will consider lending your voice to this important work. If you are interested in joining a diverse group of businesses that provide deeper insight into economic conditions, please complete this form or contact Grace Guynn. Subscribe to the Newsletter Get the inside scoop on our latest events, speeches, research, and more. 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