Small Businesses Threatened By Inflation
“NEW YORK — Don’t be misled by reports that inflation is tame. For small business owners, it’s a threat to profits and expansion plans.”
“An 8 percent increase in the cost of eggs over the past year is eating away at restaurants and bakeries. Cotton’s 14 percent increase is hurting clothing manufacturers and retailers. And any business that sends somebody on a sales trip is bearing the brunt of an 8 percent increase in jet fuel or 7 percent rise in gasoline.”
