Inflation may continue to show signs of slowing, however businesses nationwide are still grappling with increasing expenses, passing costs onto consumers, while over half (68%) have raised prices on select or all products and services, according to JPMorgan Chase’s 2023 annual Business Leaders Outlook. Nearly all small business leaders (94%) say inflation has impacted expenses, with almost four in 10 noting that expenses have increased by more than 10% in the last 12 months.
