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What is the CPI and How Does it Impact Your Business?
Join us for an informative and engaging discussion led by expert facilitators Diane Newman, Alan Duncan, Steve McGuinness, and Erin Smith, all from the Bermuda Chamber of Commerce's Economics Committee.
Inflation and price increases have been a hot topic, especially during and after the Covid shutdown. The Consumer Price Index (CPI), which measures the average change over time in the prices paid by households for a market basket of consumer goods and services, plays a significant role in understanding the cost of living.
Inflation has presented a challenge to businesses trying to provide goods and services to Bermuda's consumers. Many believe higher prices are due to gouging by retailers and other businesses, but our latest Chamber survey shows that many businesses are actually cutting their own revenues to keep offering their goods at the best possible prices.
This presentation will help you understand how the CPI impacts your business and the broader economy. You'll learn to interpret CPI data, how it affects consumer behavior, and how to prepare for potential changes in the market. Our expert facilitators will guide you through an informative discussion that will provide you with valuable insights and strategies for success.
The event will be held at the Bermuda Chamber of Commerce and is free for members of the Chamber. Non-members can attend for just $25.
Don't miss out on this opportunity to gain valuable knowledge and network with other business professionals. Register now to secure your spot at this must-attend presentation.Date and Time
Wednesday Jun 7, 2023
12:30 PM - 1:30 PM ADTFees/Admission
Free for Members
$25 for Non-MembersContact Information
Amanda Duncan, Marketing and Events
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Frequently Asked Questions
▶What is a Harbour Nights Permit?
A Harbour Nights Permit is issued by the Bermuda Chamber of Commerce, allowing vendors to vend during Harbour Nights without the need for an additional permit from the BEDC.
▶What are the payment requirements for vendors?
Vendors must pay vendor fees and Chamber of Commerce membership dues in full at least 5 business days before the approved start date. Late payments will incur a $50 charge per transaction.
▶What types of products are allowed to be sold at Harbour Nights?
All merchandise must be made, designed, or inspired by Bermuda. All merchandise must be vetted and approved before the start of the season.
▶What happens in case of inclement weather?
The Bermuda Chamber of Commerce reserves the right to cancel Harbour Nights in case of inclement weather. No refunds will be issued in such cases.
▶Is anything being done to make Harbour Nights more sustainable?
Vendors demonstrating sustainability efforts may receive discounts and an official sustainability badge. Actions include offering sustainable products, using eco-friendly packaging, and implementing waste reduction measures.
▶Who can vendors contact for further assistance or inquiries?
For any questions or assistance, vendors can reach out to Amanda Duncan, responsible for Marketing and Events at the Bermuda Chamber of Commerce: aduncan@bcc.bm
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