Inflation and Prices
Credit Hours
1 Hours
Learning Level
Tier 2 Intermediate
Course Description
Business firms in search of effective methods for coping with changes in
prices often employ price adjustment (escalation) clauses in long-term
sales and purchase contracts. BLS estimates that agreements with a
lifetime worth in the trillions of dollars are currently adjusted using
the Producer Price Index (PPI) family of indexes, either alone or in
conjunction with other sources of economic data. Timothy Ewing, Regional
Economist in the BLS Atlanta Economic Analysis and Information Office,
will provide a virtual workshop on how to use the Consumer Price Index
(CPI) and Producer Price Index (PPI) for escalation. Mr. Ewing will
provide an brief overview of the BLS, guidance on the development of
price adjustment clauses in contracts that are to be tied BLS data, and
go over examples of price adjustment procedures.
Event Presenter
Timothy Ewing
Timothy Ewing became Regional Economist for the BLS Atlanta Regional
Office in 2016. Prior to that, Mr. Ewing served as an Economist in both
the Compensation and Price Programs. As Regional Economist, Mr. Ewing is
responsible for the dissemination of BLS data through various avenues
including news releases, articles, marketing, and presentations. Mr. Ewing received a Bachelor of Science in Civil Engineering from the Georgia Institute of Technology, and a Bachelor of Business Administration in Economics and a Master of Science in Applied Economics from Georgia Southern Universit
Event Sponsor(s)
Disclaimer
The user acknowledges that the workshops,
handouts, and related course materials contained therein are intended for
educational purposes only and should not be
considered to be legal advice or a
substitute for legal or clinical consultation. These presentations address
issues that are multi-faceted, and the user should not assume that the courses
discuss every law, regulation, or ethical code that may be relevant to the
subject matter. Legal and ethical standards are subject to change, and
it is always prudent to check to see whether a particular law, regulation, or
ethical standard may have changed.
Refunds/Cancellations: NAEP does not offer refunds for On-Demand Library purchases.
Refunds/Cancellations: NAEP does not offer refunds for On-Demand Library purchases.