According to a report from the US Bureau of Labor Statistics' Consumer Price Index, products in the hair category rose 7.6% from August 2021 to August 2022. The cosmetics and perfume category saw an increase of 2.3% in ONE month, from July 2022 to August 2022. Bottom line: prices are increasing, and likely will continue for the next several months! Price increases are necessary to continue making a living in the beauty industry, and given the cost of continued education, sanitary products and utilities, lack of pricing increase = a pay cut (and you don’t deserve that!) Allow this to be your reminder to go over your expenses and make a plan to raise your rates in 2023. This will give you plenty of time to give your existing clients notice. 🖤