What is the second year impact of inflation?

When:  Dec 8, 2022 from 14:00 to 15:15 (ET)
Associated with  All-Member Community

The US economy is now in its second year of inflationary pressures and businesses need to find new ways to analyze, adapt, and forecast business performance.  The CPI first reached 5.0% in May of 2021 and exceeded 6.0% by October 2021.  The PPI first reached 6.5% in April 2021.  With the September CPI and PPI still at 40-year high levels, we are now looking at the second year of increasingly increasing costs. 

What is the second year impact of inflation? 

With the economy now in its second year of inflation above 5.0%, the year over year inflation rate may seem to be moderating in the 8% range after the CPI peaked at 9.1% in June 2022 and the PPI peaked at 11.2% in March 2022; however, that understates the serious economic impact inflation has had on the cost structures of businesses from 2020 to 2022.



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Url: http://nsacoop.org/events/second-year-impact-inflation
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