Cost increases are looming large in the minds of organizational leaders, according to results of McKinsey’s latest economic conditions outlook survey. Senior partner Sven Smit and colleagues note that nine out of ten survey respondents report experiencing rising costs in the previous six months. Respondents in Europe point to energy prices as having the biggest effect on their companies, while rising wages top the concerns of those in India and North America.

Companies have experienced a range of costs increases, and the ones with the biggest impact vary by region.

To read the survey, see “Economic conditions outlook,” September 29, 2022.