Is your business going in the wrong direction?

  • How often do you review your prices?

  • When did you last increase your prices?

  • Do you pass increased costs on to your customers?

Australia’s CPI index rose 1.8% through the year to 31 December 2018 and 1.3% through to 31 March 2019. Debating the validity of the CPI index as a measure of inflation is a waste of time if you’re in business.

Our view is the CPI index is the best measure we have of inflation and all prudent business people should assume the CPI index is reasonably accurate or potentially understated.

Is your business pricing strategy correct?

If you need any further assistance regarding any of the content discussed in this article, please contact your local RSM business pricing specialist.