Richmond Fed Business Attitudes on Pricing and Inflation: January 2026
| Sector | Measure | July 2025 | October 2025 | January 2026 |
|---|---|---|---|---|
| Overall | Expected CPI Growth (Next 12 Months) | 3.81% | 3.65% | 3.51% |
| Expected CPI Growth (Next 5 Years) | 4.06% | 3.77% | 3.86% | |
| Manufacturing | Expected CPI Growth (Next 12 Months) | 3.83% | 3.71% | 3.70% |
| Expected CPI Growth (Next 5 Years) | 3.87% | 3.50% | 3.96% | |
| Non-Manufacturing | Expected CPI Growth (Next 12 Months) | 3.77% | 3.50% | 3.37% |
| Expected CPI Growth (Next 5 Years) | 4.13% | 3.87% | 3.79% |