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Despite Rapid Wage Growth, Increases in Costs of Living Are Eating Up Gains

This Week in Business

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What's the Impact of Inflation in 2022?

We have already seen some shifts and what people are buying, we expect to continue to see that. You know, this it is, these responses from households, they do offset some of the impact of inflation because households are shifting to less expensive goods. But that is definitelyo leaving them worse off, because they can no longer afford the things they would really like to buy. That's probably one of the biggest in plection risks going to end to 20 22.

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