Price Changes

Price changes refer to fluctuations in the cost of goods or services over time. These changes can occur due to various factors, including supply and demand dynamics, production costs, market competition, economic conditions, and external influences such as inflation or currency exchange rates. Price changes can be upward (increase) or downward (decrease) and can affect consumer behavior, business revenue, and overall market trends. Understanding price changes is essential for consumers when making purchasing decisions and for businesses in setting pricing strategies and forecasting revenues.