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Small Business Owners Reporting Inflation as Biggest Problem Reaches Highest Level Since Q3 1981
Small Business Owners Reporting Inflation as Biggest Problem Reaches Highest Level Since Q3 1981
March 8, 2022
Small Business Owners Reporting Inflation as Biggest Problem Reaches Highest Level Since Q3 1981
- The net percent of owners raising average selling prices increased seven points to a net 68% (seasonally adjusted), a 48-year record high reading.
- Owners expecting better business conditions over the next six months decreased two points to a net negative 35%.
- Forty-eight percent of owners reported job openings that could not be filled, an increase of one point from January.
- Inventory accumulation plans fell one percentage point, following a five-point decline in January, following the massive inventory build in Q4.
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