BELOW SUPERNAV drop zone ⇩

Study: Small business takes biggest hit as inflation spikes

Everything from the price of fruits and veggies to beef are expected to get pricier as inflation continues to be an issue.

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

(NewsNation) — Corporate profits are skyrocketing, but a new Goldman Sachs study shows small businesses are taking the biggest hit as inflation spikes.

More than 90 percent of small business owners say larger economic trends are negatively impacting their businesses. 

On inflation specifically, which is the worst it’s been in 40 years, 88 percent say inflationary pressures on their business have increased since January. This means higher prices are likely to be passed down to the consumer.

Small business owners have told NewsNation stations across the country that they’re feeling the strain of supply chain issues, inflation and the race to find and retain employees. 

“Prices in general have gone up 30 percent across the nation. It’s not just us, it’s everywhere,” said Katie Kinsey, owner of Flowers by Primrose. 

Added Meredith Easley of Easley Winery: “Since natural gas prices have gone up, the prices to fuel those furnaces to make the glass have gone up and that relates to the crisis in Ukraine.” 

Big and small businesses have blamed higher wages and supply chains for cutting into their bottom lines. But the Commerce Department reports corporate profits are the highest they’ve been since 1950.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

56°F Clear Feels like 56°
Wind
1 mph ENE
Humidity
57%
Sunrise
Sunset

Tonight

A clear sky. Low around 50F. Winds light and variable.
50°F A clear sky. Low around 50F. Winds light and variable.
Wind
2 mph NNE
Precip
1%
Sunset
Moon Phase
Waxing Gibbous