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Associations raise prices, eat costs as inflation triggers more price spikes

Meeting and travel expenses are way up; leaders do what they can to retain staffThe Consumer Price Index rose 6.5% last year, well above the Federal Reserve's 2% target rate—and well below some of the price increases associations are seeing for salaries, meeting costs and other expenses."Our annual meeting in particular is running us approximately 37% more, give or take, across the variety of expense lines," said Peter O'Neil, CEO of ASIS International, a professional group for those in the security industry.The veteran chief executive said the group has opted to raise attendance and exhibition rates for the conference 10% above 2019 levels."It demonstrates to our members… Read More