Posted 1/26/2024, 8:58:34 PM
Inflation Squeezes Small Businesses as Prices Rise Across the Board
- NFIB Small Business Optimism Index has been below 50-year average for 24 straight months
- 23% of small business owners reported inflation as top concern, replacing labor quality
- Higher inflation putting stress on small businesses, getting passed to consumers
- First hit of inflation pressures is on small business owners' earnings
- Small businesses passing along increased costs to customers of goods and services