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Monitoring price increases with economic data: a practical approach.
INTRODUCTION
The bane of purchasing's existence has been, and probably always will be, price increases. The agitation among buyers is understandable, yet in many sectors of the economy, increasing prices are a way of life. Inflation has been a part of the American business scene for the past five decades. While higher prices should be used to cover unavoidable increases in costs of operation, they are often used to enrich margins or cover burgeoning overhead costs or inefficiencies in the operation. Also, there is always that temptation to "take advantage" of the situation when a plausible "scapegoat" can be found. The economic scene is resplendent with ...
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