Managing Your Business During Inflation

The Producer Price Index went up 10% in 2021, which was last seen during the Great Recession of 2008, and the Consumer Price Index is at its highest rate since the 1980s. These two factors are essential to the plumbing and drain cleaning industry for many reasons. In a nutshell, it means that your cost of services (or cost of goods sold) has gone up, the cost to your end consumer will therefore go up when you hike up your prices, and the cost of living has gone up for your employees. Add this to the current supply shortage for most