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SMALL BUSINESS SNAPSHOT

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In the month of March, inflation returned as a leading issue for small business owners, as it remains persistently elevated above the Federal Reserve’s target while the labor market has consistently outperformed expectations. The Consumer Price Index (CPI) data, released earlier this month, showed the inflation rate is currently sitting at 3.2 percent year over year, up from last month…

SMALL BUSINESS SNAPSHOT

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In the month of February, inflation and labor quality were both leading issues small business owners face as inflation remains elevated above the Federal Reserve’s target and the labor market has continued to prove resilient. The Consumer Price Index (CPI) data, released earlier this month, showed the inflation rate is currently sitting at 3.1 percent year over year, down from last month,…

SMALL BUSINESS SNAPSHOT

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In the month of January, inflation remains the top issue small business owners face as prices continue to rise. The Consumer Price Index (CPI) data, released earlier this month, showed the inflation rate is currently sitting at 3.4 percent year over year, up from last month, signaling that the Federal Reserve may have more work to do to bring inflation back to their two percent goal. Core…

SMALL BUSINESS SNAPSHOT

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In the month of December, both labor and inflation remain large issues small business owners are facing. The Consumer Price Index (CPI) data, released earlier this month, showed the inflation rate is currently sitting at 3.1 percent year over year, down slightly from last month. Core CPI, which excludes the more volatile measurements of food and energy, increased 0.4 percent. Inflation…

SMALL BUSINESS SNAPSHOT

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In the month of October, inflation remains a top issue small business owners are facing. The Consumer Price Index (CPI) data, released earlier this month, showed the inflation rate is currently sitting at 3.7 percent year over year, at the same level as last month. Core CPI, which excludes the more volatile measurements of food and energy, increased 0.3 percent. Inflation and labor were…

SMALL BUSINESS SNAPSHOT

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In the month of September, inflation persistently remained as a top issue small business owners are facing. The Consumer Price Index (CPI) data released earlier this month showed the inflation rate is currently sitting at 3.7 percent year over year, up from 3.2 percent last month. Core CPI, which excludes the more volatile measurements of food and energy, decreased 0.4 percent. While…

SMALL BUSINESS SNAPSHOT

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In the month of August, small businesses continue to face top issues like inflation and labor shortages. The Consumer Price Index (CPI) data released earlier this month showed the inflation rate is currently sitting at 3.2 percent, compared to 3 percent last month. Core CPI, which excludes the more volatile measurements of food and energy, decreased 0.3 percent. While small businesses…

SMALL BUSINESS SNAPSHOT

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In the month of July, inflation and labor shortages continue to be top issues that small businesses are facing. The Consumer Price Index (CPI) data released earlier this month showed the inflation rate is currently sitting at 3%, compared to 4% last month. Core CPI, which excludes the more volatile measurements of food and energy, increased 0.2%. The data is still not close to the Federal…

SMALL BUSINESS SNAPSHOT

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In the month of June, inflation and labor shortages continue to be one of the top issues that small businesses are facing. The Consumer Price Index (CPI) data released earlier this month showed the inflation rate fell some to 4.0 percent, down from 4.9 percent from the month prior. Core CPI, which excludes the more volatile measurements of food and energy, fell slightly to 5.3 percent.…

SMALL BUSINESS SNAPSHOT

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As we reach the halfway point of May, small businesses are continuing to struggle to keep pace with persistent labor shortages and stubbornly high inflation. The Consumer Price Index (CPI) data released last week showed inflation barely budged at 4.9 percent, slightly down from 5 percent from the month prior. Core CPI, which excludes the more volatile measurements of food and energy,…