This slide takes a closer look at global supply chains. On the left, we show the global supplier's delivery times index, which is often used to capture the extent of supply chain delays in the global economy. Participants in the manufacturing and construction sectors were asked: "Are your suppliers' delivery times slower, faster, or changed on average than one month ago?". A level of 50 marks no change, whereas a reading below 50 reports slower delivery time and a reading above 50 denotes faster delivery time. In the post COVID-19 rebound, global supply chains have been quite constrained and as a result, suppliers are recording slower delivery times on average. On the right, we show global input and output prices. It is a composite index for both manufacturing and services sectors. A level of 50 marks no change in price compared to a month ago, whereas a reading below 50 represents falling prices and a reading above 50 means rising prices. A close relationship exists between input and output prices, as companies tend to pass on higher costs to consumers, especially as inflation rises.