The Deadly Law of Inflation...Revisited
A few weeks ago, I wrote a blog entitled, “Overcome the ‘Deadly Law’ of Inflation with Decimals.” It might be time to revisit this topic in light of some recently published information.
The latest figures from the Department of Commerce show the Consumer Price Index averaging 5.7 percent for the past six months and 8.5 percent for the last three months. So, even if you instituted a price increase on Jan. 1, 2011, it might be time to consider another if that first one was in the 3 precent range.
Carl and his wife, Judy, owned and operated their own successful Allegra franchise for nearly 20 years before selling the $2.3 million operation in 2003. He is a PrintImage International/NAQP Honorary Lifetime Member and was inducted into NAPL’s prestigious Soderstrom Society in 2010 in recognition of his contribution to the industry.