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Business Attitudes on Pricing and Inflation
Last Update: July 2025
Next Update: November 4, 2025
The Business Attitudes on Pricing and Inflation questions measure, among other things:
- One-year and five-year inflation expectations.
- The extent to which firms follow aggregate inflation measures.
- The importance of factors such as inflation, costs, and competitive pressures in pricing decisions.
These questions are added at the start of every quarter to the existing Regional Surveys of Business Activity.
Survey Description & Methodology
Certain questions in the BAPI survey were constructed to align with those in the Cleveland Fed’s Survey of Firms’ Inflation Expectations (SoFIE).
To learn how we apply BAPI data within our policy and analytical framework perspective, read our article, Inflation Expectations and Price Setting Among Fifth District Firms, and explore more about the Richmond Fed’s Regional Surveys of Business Activity.
To cite the Business Attitudes on Pricing Inflation, please use the following format: “Business Attitudes on Pricing Inflation.” Federal Reserve Bank of Richmond. https://www.richmondfed.org/region_communities/regional_data_analysis/business_surveys/pricing_and_inflation.
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