This is a spectacular report from Statistics Canada last week, showing that inflation in September rose at the fastest pace in 18 years year-on-year.
Inflation has risen 4.4% compared to September 2020, and there is no sign of giving up in the near future.
Many of the major driving forces in that uptrend affect golf. For example, the price of gas means the additional cost of fueling a machine and is added to the shipping price of all products.
The food and beverage business will feel the impact of rising costs for products such as meat, seafood, dairy products and cooking oils.
A recent GNN poll asked readers if inflation would inevitably require the golf business they work for to raise prices entirely towards 2022. The overwhelming majority, 87%, answered “yes” before that latest report.
So how does inflation affect the golf business that will work next year?
That’s the question for this week’s GNN poll.
You can answer below or on the GNN homepage. If you would like to add some thoughts on this subject, please use the comments section below.
– GOLF Sports
How do your customers / members react to rising costs due to inflation? – Golf News Now
https://golfnewsnow.ca/blog/how-will-your-customers-members-react-to-rising-costs-due-to-inflation/ How do your customers / members react to rising costs due to inflation? – Golf News Now