Atlanta Fed corporate inflation expectations unchanged at 2.3% in May

Atlanta Fed corporate inflation expectations in May (ahead year): +2.3% against +2.3% in April.

Considering the current economic environment, “relative to normal” sales levels and profit margins declined during the month. At 2.7%, year-on-year unit cost growth remained relatively unchanged.

Companies expect prices to rise about 3.4% over the next 12 months, compared with a 4.5% rise over the past 12 months, the Atlanta Fed said.