Inflation has a wide range of effects that affect customers and companies. When prices of goods and services go up, people’s buying power decreases, making it harder to buy things they need.
As a result of economic instability, companies generate less money because their production costs are increasing, and there are fewer investment opportunities. Business leaders must assess how inflation affects their organization, staff, customers, and supply chains.
Finance teams and management accountants are crucial in guiding their organizations during