I would say generally they've collected similar increase in rev on the taxes and should be similar to some of the increases in their own costs. Again different area's of the economy were hit in different ways. You also might have less spending especially on non-essential items as inflation caused things to go up.
There is also the point that price increases aren't implemented as quickly as the costs to produce go up. Some were proactive but others weren't.
One of our largest customers kept asking don't raise prices, don't raise prices the inflation is transitory. We agree and later they wrote a huge single check covering the initial price increase we wanted to implement as well as accepting the new prices. It was hilarious how many people really bought into the idea that the inflation was transitory and prices would come back down. Unless commodity based that is generally quite rare.
By
Highmark ·
gary6741 Newest Member ·