homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

June 25, 2018

Your business costs are up, so what about your prices?

  • The risk of losing customers by raising prices is real, but the pressure is on as labor costs climb.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — It's not just your electric bill that's going higher — all types of expenses are rising for small businesses as inflation grabs hold across the economy. That has owners more likely to raise their own prices than at any time in the last decade. Should you be among them?

    The percentage of small businesses raising their prices in May jumped to the highest level since 2008, at a net 19 percent, according to a survey by the National Federation of Independent Business. And more seem set to follow suit. A little more than a quarter of small businesses said they plan to raise their prices over the next three months, the highest level since 2008.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.