How Do You Account For Inflation?

Business By craftybanana2 Updated 23 Jun 2015 , 9:06pm by Claire138

craftybanana2 Posted 23 Jun 2015 , 8:36pm
post #1 of 2

Hi, let me start off by saying: Yes I know how to find my costs, etc etc etc. What I'm wondering about is how do you account for inflation? Eggs for me just jumped a dollar, they may go up they may go down, that's the market. But if say a dozen eggs cost me $3.79, should I treat it as $4.79 to account for inflation in the future or do you just tack on an additional percentage? Just curious as to how you all go about accounting for inflation in your prices so you don't have to raise your prices by one or two dollars every time cost goes up.

1 reply
Claire138 Posted 23 Jun 2015 , 9:06pm
post #2 of 2

I've had trouble with this when the cost of basics (flour, sugar and eggs) went up last year. I had to raise my prices and when customers questioned me I just politely told them that surely they go shopping and see that prices have been raised? So to for me and therefore I have had to start charging more. Most people understand, I can only think of maybe 3 clients in this time period who have said it was too dear. Good luck!

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