U.S. Philly Fed Prices Paid Index Climbs in March, Pointing to Rising Cost Pressures

The Philadelphia Federal Reserve’s Prices Paid Index for the United States rose in March 2026, signaling an acceleration in input cost pressures for manufacturers in the region. The index increased to 44.70 in March from 38.90 in February 2026.

This latest reading, updated on 19 March 2026, suggests that firms surveyed by the Philly Fed are facing higher prices for materials and other inputs compared with the previous month. The move higher in the index may draw renewed attention from investors and policymakers monitoring the trajectory of inflationary pressures within the manufacturing sector.