Changes in the cost of oil, labor, and shipping since January 2021 (%)

1. Oil prices (WTI Crude Spot price, EIA).
2. Labor (Employment cost index, Bureau of labor statistics, bls.gov), Q1’22 data not available as of March 28^th 2022.
3. Shipping (Composite World Container Index, Drewery).

Source: Oliver Wyman analysis