Price Rises Coming as Small Businesses Juggle Costs
A fifth interest rate hike and the flow-on effects on fuel and supply chains due to the Middle East war are wreaking havoc on smaller operators.
TL;DR
- Small businesses may raise prices due to increased operational costs.
- A ban on debit and credit card surcharges has forced businesses to absorb costs.
- A fifth interest rate hike is impacting smaller operators.
- The Middle East war is causing flow-on effects on fuel and supply chains.
- These combined factors are negatively affecting smaller businesses, even as the economy weakens.