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June 25, 2018
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.
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