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Trade Related Current Events: 2021 Inflation Spike The 12-month change in the Consumer Price Index (CPI) and CPI excluding energy 12-month % change 4.5 4.0 3.5 3.0 2.5 2.0 1.5 my 1.0 0.5 0.0 Sept. -0.5 Sept. 2016 2017 2018 2019 2020 2021 CPI CPI excluding gasoline Sept 2021 CPI: 4.4% April 2021 CPI excluding energy: 3.5% Transportation +9.1% Source: Statistics Canada Website: https:/www150.statcanas.canalsuotidien 2110202110202_enam Discussion Questions 3. How will it affect our export company's costs - COGS and SGA costs, and net profit margin? If our COGS were 50,000 and SGA costs were 10,000 and inflation stays as it is in the most recent data, what will our costs be next year? 4. What will we have to do about our prices? Trade Related Current Events: 2021 Inflation Spike The 12-month change in the Consumer Price Index (CPI) and CPI excluding energy 12-month % change 4.5 4.0 3.5 3.0 2.5 2.0 1.5 my 1.0 0.5 0.0 Sept. -0.5 Sept. 2016 2017 2018 2019 2020 2021 CPI CPI excluding gasoline Sept 2021 CPI: 4.4% April 2021 CPI excluding energy: 3.5% Transportation +9.1% Source: Statistics Canada Website: https:/www150.statcanas.canalsuotidien 2110202110202_enam Discussion Questions 3. How will it affect our export company's costs - COGS and SGA costs, and net profit margin? If our COGS were 50,000 and SGA costs were 10,000 and inflation stays as it is in the most recent data, what will our costs be next year? 4. What will we have to do about our prices