Small business owners certainly aren’t immune to the current inflation situation. And they’re raising prices to combat the effects inflation is having on their businesses.
In fact, more small business owners say they’ve raised prices to counter inflation this year than at any point since way back in 1974.
Small Business Owners Are Raising Prices to Combat Inflation
The seasonally adjusted number increased by four points to a net 61% on the NFIB Small Business Optimism Index, which itself decreased slightly to 97.1. That updated Optimism rating is a drop of 1.8 points from December, with inflation identified as the main problem currently facing most small businesses.
