Inflation and Rising Prices Impacting Small Businesses
Company Added
Company Removed
Apply to Request List

Inflation and Rising Prices Impacting Small Businesses

Inflation and Rising Prices Impacting Small Businesses

Small business operators typically rely on the holidays for key revenue but inflation could make that more difficult this holiday season, according to the quarterly MetLife and U.S. Chamber of Commerce Small Business Index.

Inflation has been a top challenge for business owners for four straight quarters. More than half (53%) of small businesses now say inflation is the biggest challenge for small business owners, a 30-percentage point increase from this time last year. Four out of five (83%) say rising prices have had a significant impact on their business this year.

“This quarter, small business owners did not see any improvement in the economic landscape. Although their own business may be doing okay, their confidence remains shaken,” said Tom Sullivan, Vice President of Small Business Policy at the U.S. Chamber of Commerce.

Seven in ten (69%) small businesses say they are raising prices in response to inflation this holiday season. Meanwhile, 61% report expecting less revenue than usual this holiday season because of inflation. Although concern over supply chain issues has cooled, 61% of small businesses say they expect supply chain disruptions will make it difficult to manage the holidays.

The quarterly Index is an online survey of 750 small business owners and decision makers.

The Q4 2022 survey was conducted October 11-27, 2022.



Published: December 19th, 2022

Share this Feature

Angry Crab Shack
SPONSORED CONTENT
Angry Crab Shack
SPONSORED CONTENT
Angry Crab Shack
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Movita Juice Bar
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Smoothie King
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
MAR 25-28TH, 2025

As a fast-growing concept dedicated to serving fresh, cooked-to-order cheeseburger sliders, the Smalls Sliders franchise opportunity brings real...
Request Info
Our nostalgic dining experience transports customer to a 1920's garage. Our menu drives broad guest appeal with hand-crafted America fare. Ford's...
Cash Required:
$3,000,000
Request Info

Share This Page

Subscribe to our Newsletters