KPMG Insights on Inflation Survey - Wave 1 (Q3 2022)
Inflation expectations of business executives
Inflation has become global in scope and is the primary target of central banks both at home and abroad. Stagflation, a term last used in the 1970s in the U.S., is already occurring in some developed and developing economies.
Businesses play a pivotal role in how wages and prices are set and how they plan to mitigate any margin compression associated with those shifts. Understanding their views on the persistence of inflationary pressures provides a window into the trajectory of economy-wide price pressures in the years ahead. A breakdown by industry reveals the differences being felt across key sectors of the economy.
KPMG Economics launched “Insights on Inflation,” a multiyear survey of KPMG clients and other business leaders to understand their responses to the inflationary environment we are now enduring. Our survey findings suggest that inflationary pressures may be higher for longer than consumers are currently expecting.
The first wave of the quarterly survey was conducted August 9 to September 6. It is focused on businesses and provides a more all-encompassing measure of the temperature of the economy than surveys of consumers.
This first survey only represents a snapshot of what businesses are thinking.