What are the costs associated with reprinting catalogs and price lists due to inflation called?

The costs associated with reprinting catalogs and price lists due to inflation are referred to as menu costs. This term captures the idea that businesses must incur expenses to update various pricing information as the general price level rises. Menu costs not only include the direct monetary costs of printing new menus or price lists but can also encompass other related expenses, such as the time and resources spent to communicate these changes to customers or to reprogram systems to reflect new prices.

For businesses, particularly in industries where prices change frequently, these menu costs can become significant over time, affecting overall operational efficiency and profitability. This concept illustrates how inflation can have tangible economic implications beyond mere price increases.