Prices Continue to Rise , in April as Forecasts Shows, No Signs of Relief.<br />'Bloomberg' reports that U.S. manufacturers and service providers have shifted the burden of rising wages and surging costs to consumers. .<br />'Bloomberg' reports that U.S. manufacturers and service providers have shifted the burden of rising wages and surging costs to consumers. .<br />According to an April 22 S&P <br />Global report, the index of input price <br />growth jumped to a record high. .<br />According to an April 22 S&P <br />Global report, the index of input price <br />growth jumped to a record high. .<br />The spike in prices reportedly <br />reflects the rising cost of raw materials, <br />fuel, transportation and labor.<br />Many businesses continue to report <br />a tailwind of pent-up demand from the <br />pandemic, but companies are also facing <br />mounting challenges from rising inflation <br />and the cost-of-living squeeze, as well <br />as persistent supply chain delays <br />and labor constraints, Chris Williamson, chief business economist <br />at S&P Global, via 'Bloomberg'.<br />Many businesses continue to report <br />a tailwind of pent-up demand from the <br />pandemic, but companies are also facing <br />mounting challenges from rising inflation <br />and the cost-of-living squeeze, as well <br />as persistent supply chain delays <br />and labor constraints, Chris Williamson, chief business economist <br />at S&P Global, via 'Bloomberg'.<br />According to 'Bloomberg,' persistent supply <br />disruptions, limited capacity and record inflation <br />have all impacted consumers’ willingness to spend.<br />Snarls in the global supply chain are expected <br />to continue as Russia's war in Ukraine <br />and China's COVID lockdowns continue. .<br />Snarls in the global supply chain are expected <br />to continue as Russia's war in Ukraine <br />and China's COVID lockdowns continue. .<br />In April, both service providers <br />and manufacturers saw backlogs grow <br />at the second-fastest pace since 2009. .<br />In April, both service providers <br />and manufacturers saw backlogs grow <br />at the second-fastest pace since 2009. .<br />At the same time, <br />delivery times from <br />suppliers lengthened.<br />'Bloomberg' reports that employment <br />continued to grow in April, despite <br />slowing slightly from March.<br />Overall, the S&P Global flash U.S. composite <br />PMI dropped 2.6 points to reach 55.1. .<br />According to 'Bloomberg,' any <br />reading above 50 indicates growth
