Philadelphia Fed Prices Quotations

Nevertheless, many business firms indicated to the District Banks that they expect high prices for energy and construction materials to persist,

Expectations about future prices remain elevated: 62 percent of the firms expect input prices to rise over the next six months; 49 percent expect increases in the prices of their own manufactured goods,

The employment index was sharply higher this month, and the average hours worked improved. Firms continued to report higher prices for inputs and for their own manufactured goods.

Higher prices for final manufactured goods were also more widespread this month, suggesting that higher costs have been passed on to customers.