Washington Public Sector Labor Negotiations Blog
Trends and Developments Concerning Washington Public Labor Contracts
By Jim Cline and Kate Kremer
Earlier this month we presented a webinar covering recent inflation and contract settlement trends with a focus on what lies ahead for groups currently in negotiations or planning to start them soon. The webinar and transcript are available on our Premium Website. This article is the first of a series on these issues.
By Jim Cline
The latest CPI report continued to show high inflation numbers, even higher than the previous set. But inside those numbers were signs that the predicted slow down in inflation may lie ahead. The Seattle 12-month through April to April “W” index was reported at an eye-popping 8.1%. The All Cities index was even higher at 8.6%:
By Jim Cline and Kate Kremer
In the last two newsletters, we reported on the surprisingly sharp rise in inflation and how that development and the uncertainty in future inflation predictions would have a potentially large impact on wage negotiations. The jump in inflation suggests rising settlements but other developments likewise support our prediction that settlements for 2022 (and 2023) will be heading up.
