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Small business owners lament inflation

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Inflation News

Small Business Owners,NFIB,Optimism

As inflation continues to rise this year, small businesses are feeling the pain.

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NFIB reports that while April’s numbers are slightly better than the month prior, small business optimism levels still mark “the 28th consecutive month below the 50-year average.”While inflation has slowed from its breakneck pace earlier in President Joe Biden’s term, prices have not come down from their now-elevated place. On top of that, inflation has sped up this year above experts’ predictions.

NFIB reports that while April’s numbers are slightly better than the month prior, small business optimism levels still mark “the 28th consecutive month below the 50-year average.”While inflation has slowed from its breakneck pace earlier in President Joe Biden’s term, prices have not come down from their now-elevated place. On top of that, inflation has sped up this year above experts’ predictions.

 

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