Inflation was a valid concern before 2022, but likely manageable.
Russia’s assault on Ukraine added an oil shock. The failure of “zero COVID” policies in China w/ Omicron adds more supply chain disruption.
Very hard to see how it plays out, but looks bad right now. 😳
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Zero Covid won’t last in China and other oil producers will ramp up production in response. This will normalize in 6 months tops. The only major long term inflationary trend domestically is the labor shortage
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True - a quick hammer or just time. We won’t be increasing rates as fast as before for sure, so my guess is we will just wait for things to peter out. Could be several years for that
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I hear this is the #1 conversation happening in HR right now.
“Why is my salary increase less than inflation?”
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Made all the worse by the recent stock market performance. You’d expect assets to increase in price with inflation but we’ve seen a halving instead.