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Getting Ahead of Inflation

In: Beating Inflation

Author

Listed:
  • Hermann Simon

    (Simon-Kucher & Partners)

  • Adam Echter

    (Simon-Kucher & Partners)

Abstract

Agility is of paramount importance in the context of inflation. Inflation often starts and changes unexpectedly fast. An understanding of predictable causes that ultimately lead to inflation is very helpful. More difficult to predict than general inflation are price developments for individual sectors or products. For management, such specific developments are more important than general price trends. The only way to counter this unpredictability is to have an information system that is as timely as possible. To avoid profit-damaging delays, management must ensure increased agility and preemptive pricing to get ahead of the cost wave. Instead of large and infrequent price increases, more frequent and stepwise price increases are advisable in the face of continuously advancing inflation.

Suggested Citation

  • Hermann Simon & Adam Echter, 2023. "Getting Ahead of Inflation," Springer Books, in: Beating Inflation, chapter 3, pages 21-28, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-20093-9_3
    DOI: 10.1007/978-3-031-20093-9_3
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