In the Atlanta Fed's most recent business inflation expectations (BIE) survey, respondents indicated that, on average, they expect unit costs to rise 1.9 percent during the next 12 months, unchanged from April's expectations. Inflation uncertainty as measured by the variance of the survey results was also unchanged at 2.4 percent. (For more information, visit http://www.frbatlanta.org/research/inflationproject/bie/.)
