Inflation is hitting small business like there’s no tomorrow. But what is inflation, and how can I better manage the impact it has on my business?
To begin, the Consumer Price Index (CPI) is an important measure for small businesses. It provides an indication of inflation, which can directly affect the prices of goods and services. This impacts the cost of production and the profit margins of small businesses, making it essential to stay informed on CPI changes.
Learn more with today’s advice column.
#cpi #consumerspriceindex #inflation