News Formal

Small business owners say inflation is crushing their business: ‘Out of control’

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Inflation is affecting small businesses nationwide. With labor shortages and pricing skyrocketing, owners are trying to stay afloat. Three business owners shared their stories.

Carmelia Bello, a bodega owner in Brooklyn, New York, said inflation is crushing her business.

New York City has seen a 34% increase in total crime since 2020, with robbery up 38%, burglary up 32% and assault up 18%, according to the New York City Police Department. Teresa Bowman, a salon owner in Salt Lake City, Utah, said inflation is forcing her to pay employees more to stay working at her salon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I run a retail store. Wholesale prices on average have increased 30% in the last 4 months. And in response we have had to raise retail prices 30%. Welcome to Joe Biden's America.

Mixed in with rising interest rates.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Virginia small business sounds off on inflation, anticipates ‘a lot of trouble’ this holiday seasonA family-owned small business in central Virginia tells FOX Business inflation has been detrimental to their livelihood and has forced them to raise the price on their goods. VoteRedToSaveAmerica2022 Inflation is Bidenflation BidenWorstPresidentEver
Source: FoxBusiness - 🏆 458. / 53 Read more »

How to set up a virtual workplace as a small-business ownerRemote work is a desirable option for many employees. Here are 3 tips to establishing a virtual workplace, according to small-business owners. In partnership with IndeedBusiness.
Source: BusinessInsider - 🏆 729. / 51 Read more »