The year-ahead inflation expectations of businesses were 1.8 percent in March, according to the Federal Reserve Bank of Atlanta's most recent business inflation expectations (BIE) survey. The survey was conducted March 10–14.
Respondents indicated that, on average, they expect unit costs to rise 1.8 percent over the next 12 months. Inflation uncertainty was unchanged at 2.4 percent. Firms also report that, compared to this time last year, their unit costs are up 1.7 percent. Respondents' sales levels compared to what they consider "normal" conditions showed little improvement, with approximately 51 percent indicating current sales levels are at or above normal, compared to approximately 49 percent in February. Profit margins deteriorated somewhat, with roughly 41 percent of respondents indicating their profit margins are at or above normal, compared to 48 percent in February.