The most small businesses since 1978 raised prices in November due to high inflation

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

The number of small businesses that raised prices in November rose to a 42-year high, a new survey showed, as owners sought to cover their own rising costs...

The National Federation of Independent Business said a net 59% of small-business owners increased prices of good and services last month. That was the highest figure since 1978.

The cost of living jumped again in November and pushed the rate of U.S. inflation to a 39-year high of 6.8%. The ongoing shortages have dimmed the hopes of small-business owners. The NFIB’s small business optimism index edged up 0.2 percentage points to 98.4 in November, but it’s still depressed and well below its recent midsummer peak.

 

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

This👇🏽

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:

 /  🏆 3. in US

United States Latest News, United States Headlines

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

Inflation is painfully high, but some relief may be comingInflation is painfully high, but this hopefully is close to as bad as it gets. Talk about WISHFUL thinking !!! Every minute Biden is in is another minute digging our own grave ! Well when all the price gouging is done & the CEOs get enough to get their bonuses & the wealthy gets done bending us over & politicians stop letting them screw us over Wait.this will never end cause any of that isn't going to happen. Oh, and as soon as people stop accepting it Gas is $2.95 a gallon in Raleigh. Seems like we have either a distribution system problem or outright price gouging.
Source: ABC - 🏆 471. / 51 Read more »

Inflation is painfully high, but some relief may be comingInflation is painfully high, but this hopefully is close to as bad as it gets. Hopefully more stimulus checks.. like 1200 a month until Coronavirus is all gone. Here’s why we have inflation: GREED Purchasing power for the working class (stagnant wages, loss of union benefits, a static minimum wage) has always been painfully low & declining for decades. Only when 'inflation' starts to rise, affecting the bank accounts of the very rich, does the media do stories about this
Source: latimes - 🏆 11. / 82 Read more »

Americans expect higher prices for another year — with one big exceptionAmericans lowered their expectations for home prices in the year ahead, according to the New York Fed's monthly Survey of Consumer Expectations.
Source: MarketWatch - 🏆 3. / 97 Read more »

Inflation is painfully high, but some relief may be coming | AP NewsNEW YORK (AP) — Inflation is painfully high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8% for the 12 months ending in November, a 39-year high. Many economists expect inflation to remain near this level a few more months but to then moderate through 2022 for a variety of reasons. Trump was always against higher interest rates, so I guess I'm for it? ;-) I just wanna say a big thank you to GregoryLisa55 I was nobody until a friend of mine introduced me into investing with you, Since then it's been nothing but financial 💰 Success for me. I will invite my friends and family into your company GregoryLisa55 you are the best💯
Source: AP - 🏆 728. / 51 Read more »

The High Price of Living With Chronic PainThree women open up about how their conditions impact their bodies—and their wallets.
Source: marieclaire - 🏆 102. / 63 Read more »

Uber, Google, Ford Delay Office Return as Omicron’s Spread Threatens Business DistrictsLandlords and small businesses that rely on office workers agonize as companies let their employees continue to work from home. Lol nobody is delaying return-to-office work. Ooooo omicron 👻 People are insane. COVID didn’t cause it, but it is revealing it.
Source: WSJ - 🏆 98. / 63 Read more »