Small businesses are feeling slightly better about inflation – CNN

by | Sep 13, 2022 | Business

Buoyed by marginally better expectations in the near term and Business owners reported that inflation remained their most significant impediment, with 29% naming it as their biggest operational challenge, down from 37% in July. Just trailing inflation as the most pressing problem facing small business owners was labor quality, which 26% cited as their top issue, while an additional 10% said labor costs were their top business problem.”The small business economy is still recovering from the pandemic,” NFIB chief economist Bill Dunkelberg said in a statement. “Inflation continues to be a serious problem… [and] the worker shortage is impacting small business productivity.”This story is developing and will be updated.

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