Buckle up: Even more wage inflation is coming for agencies
Whether a pint of beer, a tank of gas or a list of groceries, consumers are feeling what the drumbeat of news headlines is telling them: the cost of living is skyrocketing, and there seems to be no end in sight.
The Department of Labor reported last week that in May consumer prices jumped 8.6% versus the 12 months earlier. That is the highest rate of inflation since December 1981. It is also up from April’s year-over-year surge of 8.3%.