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Webinar Recap: Procurement 2022, Big Trends and Predictions

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As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI). in October 2021*, the highest in more than three decades, as measured by the Consumer Price Index (CPI).

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Government Contracts Inflation Update

Procurement Notes

CPI may be more useful for some commercial products and services, because pricing for those contracts is more closely connected to consumer supply and demand. 16] In view of the foregoing, BLS’ March 15, 2023 PPI summary stated that, “[o]n an unadjusted basis, the final demand index rose 4.6 17] Below shows how the 4.6%