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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

Further, higher labor costs also support higher consumer demand. Consequently, higher labor costs can also create inflationary pressure at the consumer level. 61] In the Congressional Budget Office’s (“CBO’s”) February 2023 Budget and Economic Outlook the “CBO projects a federal budget deficit of $1.4