U.S. Supply Chains & Inflation Report: June 2022
From April to May, consumers’ growing resistance to price increases produced early signs of softening demand for certain segments of the economy. In some cases, weaker demand also led to a reduction in supply chain and distribution pressures. Persistently elevated inflation continues to be a dominant force affecting purchasing decisions —and will remain so until the pace of price growth posts a meaningful retreat.
- High inflation is leading consumers to increasingly dip into savings, forcing some to recalibrate their purchasing priorities.
- While consumers are largely absorbing price increases for most essentials, more are also forgoing purchases of large durable goods.
- Amid rapidly changing purchasing behavior, softer demand may help in easing supply constraints for some items.
About the authors
Kayla Bruun is a senior economist at decision intelligence company Morning Consult, where she analyzes consumer spending, inflation and household finance trends, leveraging the company’s proprietary high-frequency data.
Prior to joining Morning Consult, Kayla was a key member of the corporate strategy team at telecommunications company SES, where she produced market intelligence and industry analysis of mobility markets.
Kayla also served as an economist at IHS Markit, where she covered global services industries, provided price forecasts, produced written analyses and served as a subject-matter expert on client-facing consulting projects.
Kayla earned a bachelor’s degree in economics from Emory University and an MBA with a certificate in nonmarket strategy from Georgetown University’s McDonough School of Business.
Scott Brave previously worked at Morning Consult in economic analysis.