Government Contracts Inflation Update
Procurement Notes
MARCH 16, 2023
8] Additionally, “[t]he PPI program covers approximately 72 percent of the service sector’s output[.]” [9] The PPI focus is at the wholesale (not retail) level. Further, higher labor costs also support higher consumer demand. Consequently, higher labor costs can also create inflationary pressure at the consumer level.
40 
Let's personalize your content