Inflation is putting increased pressure on the economy. / IMAGE: Democracy Now via YouTube ( Headline USA ) As inflation surpasses 40-year highs, 72% of small businesses surveyed are increasing prices to keep their doors open, according to the latest Small Business Optimism Index.
It’s the greatest percentage ever recorded in the survey’s history, which the National Federation of Independent Business’s (NFIB) has conducted every year since 1973, The Center Square reported .
Slightly more than one-third surveyed, 35%, said they’ve reported lower profits due to increased costs of materials; 40% said supply chain disruptions have significantly impacted their business.“Thirty-one percent […]
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