17.09.202612:30:00UTC+00U.S. Philly Fed Prices Paid Index Climbs in September, Signaling Stronger Cost Pressures

The Philadelphia Federal Reserve’s Prices Paid Index for the United States rose in September 2026, underscoring a pickup in input cost pressures for manufacturers in the region. The index increased to 48.60 in September from 40.90 in August 2026, according to data updated on 17 September 2026.

The jump in the indicator suggests that a larger share of surveyed firms reported rising input prices compared with the previous month. While no additional context was provided on the drivers of the increase, the move higher in the index typically signals that manufacturers are facing stronger cost pressures that could, over time, influence pricing decisions further along the supply chain.

The September reading keeps the Prices Paid Index firmly in positive territory, indicating ongoing cost inflation for businesses in the Philadelphia Fed district and offering another data point for market participants tracking the trajectory of price dynamics in the U.S. regional manufacturing sector.