How to Manage Global Inflation: 9 Steps to an Effective Price Increase

Published on January 19, 2023

Supply chain disruptions, rising energy costs, and increased consumer demand are driving inflation rates up to levels not seen in decades. However, even after months of increases, many companies are struggling to respond effectively to the situation. To learn more about their perspective, we undertook a global Inflation Pricing Study.

Consumer and energy prices continue to surge, keeping the inflation rate around the globe at a historic high: As the Organisation for Economic Co-operation and Development (OECD) reported on April 5th 2022, year-on-year inflation in the OECD area rose to 7.7 percent in February 2022, the highest they’ve been since December 1990. In comparison, reported rates were 7.2 percent in January 2022, and just 1.7 percent in February 2021. These number are expected to worsen, especially given the ongoing conflict in Ukraine and…