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.
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