NFIB Survey Shows Small Business Price Hikes Reaching Highest Rate Since July 2022
Inflationary pressures on American small businesses intensified in October, according to the latest monthly survey from the National Federation of Independent Business (NFIB). A growing number of business owners reported raising prices recently, while an increasing cohort expressed intentions to implement further price hikes in the near future. This trend marks the most significant acceleration in pricing adjustments since mid-2022. The data suggests that persistent input costs and labor pressures continue to weigh on 'Main Street' operations, potentially contributing to broader inflationary trends within the domestic economy.
