“Most small businesses since 1974 are hiking prices to offset red-hot inflation”
February 8, 2022
“…The National Federation of Independent Businesses, a Tennessee-based association of small business owners, found that the net percent of owners raising average selling prices rose to 61% in January, a four-point increase from the previous month and the highest reading since the fourth quarter of 1974…
Price hikes were the most frequent in wholesale (88% higher), manufacturing (71% higher), retail (69% higher) and construction (67% higher). Another 50% of firms said they boosted wages amid recent difficulty in attracting new workers…
Inflation remains a top concern for small businesses: 22% of owners reported that higher consumer prices is their single most important problem. That is the highest level since 1981…”
https://www.foxbusiness.com/economy/small-businesses-price-hikes-offset-inflation