US Small Business Price-Hike Plans Jump to 37%, Highest Since 2022

The share of US small firms planning price increases over the next three months rose 6 points to 37% in October, the highest since July 2022 and, excluding the 2021-22 post-pandemic surge, the most since 2008. This signals broadening pricing power among small businesses, which could feed into stickier inflation and complicate Fed easing expectations.

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