Business Inflation Expectations increase slightly to 3.4%

December Atlanta Fed Business Inflation Expectations: +3.4% vs. +3.3% in November.

Inflation expectations: Firms' year-ahead inflation expectations increased slightly to 3.4%, on average.

Current economic environment: Sales levels "compared to normal" decreased over the month, and profit margins remained unchanged. Year-over-year unit cost growth was also unchanged at 3.6%, on average.