Current Prices Received; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia
PRBNINC156MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.30
Year-over-Year Change
-26.58%
Date Range
3/1/2011 - 7/1/2025
Summary
This economic indicator tracks the percentage of Philadelphia-area businesses reporting increases in the prices they receive for their products and services. It provides insights into inflationary pressures and regional economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Current Prices Received indicator is part of the Federal Reserve Bank of Philadelphia's monthly Business Outlook Survey, which gathers data on various aspects of manufacturing activity in the Third Federal Reserve District. It serves as a timely gauge of price trends and price-setting behavior among regional firms.
Methodology
The data is collected through a monthly survey of manufacturing firms in the Philadelphia region.
Historical Context
This indicator is closely watched by policymakers and analysts for insights into regional and national economic conditions.
Key Facts
- The indicator ranges from 0 to 100 percent.
- Readings above 50 percent signal expanding price pressures.
- The data series dates back to 1968.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of manufacturing firms in the Philadelphia region that report increases in the prices they receive for their products and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides timely insights into regional price dynamics and inflationary pressures, which are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of manufacturing firms in the Third Federal Reserve District.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the Federal Reserve and other policymakers as a gauge of regional economic conditions and potential inflationary pressures.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays, providing timely information on price trends in the Philadelphia region.
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Citation
U.S. Federal Reserve, Current Prices Received; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia (PRBNINC156MNFRBPHI), retrieved from FRED.