Posted 12/6/2023, 12:15:29 AM
Small Businesses Bear Brunt of Inflation's Bite as Sales Slump and Costs Skyrocket
- Local small businesses struggling to stay open amid high inflation and slower economic growth
- Panaderia owner cites 25% increase in costs of key ingredients like sugar and oil over past couple years
- Port-a-potty rental company reports 30% drop in events, higher costs forcing multiple price hikes
- Economics professor says small businesses lack resources to withstand inflation like large companies can
- Popular restaurant Sangria on the Burg closing due to declining sales and rising costs