What is the CPI and How Does it Impact Your Business?
Join us for an informative and engaging discussion led by expert facilitators Diane Newman, Alan Duncan, Steve McGuinness, and Erin Smith, all from the Bermuda Chamber of Commerce's Economics Committee.
Inflation and price increases have been a hot topic, especially during and after the Covid shutdown. The Consumer Price Index (CPI), which measures the average change over time in the prices paid by households for a market basket of consumer goods and services, plays a significant role in understanding the cost of living.
Inflation has presented a challenge to businesses trying to provide goods and services to Bermuda's consumers. Many believe higher prices are due to gouging by retailers and other businesses, but our latest Chamber survey shows that many businesses are actually cutting their own revenues to keep offering their goods at the best possible prices.
This presentation will help you understand how the CPI impacts your business and the broader economy. You'll learn to interpret CPI data, how it affects consumer behavior, and how to prepare for potential changes in the market. Our expert facilitators will guide you through an informative discussion that will provide you with valuable insights and strategies for success.
The event will be held at the Bermuda Chamber of Commerce and is free for members of the Chamber. Non-members can attend for just $25.
Don't miss out on this opportunity to gain valuable knowledge and network with other business professionals. Register now to secure your spot at this must-attend presentation.