Fed Beige Book: Inflation continues to slow, prices rise modestly in most regions

Inflation continued to moderate, according to the Fed Beige Book, and sales prices were reported to have increased at a slight or moderate rate in most areas. However, some food items, such as eggs and dairy products, saw larger price increases. Home prices rose modestly in many areas, while rents were flat or falling slightly. Many areas have noted an increase in consumer price sensitivity. Input prices have generally risen moderately. Respondents from multiple industries noted more severe pressures from rising insurance and medical costs. Multiple areas reported that input prices generally rose faster than sales prices, compressing profit margins for businesses.