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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,…

SMALL BUSINESS SNAPSHOT

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As we’ve moved into April, Main Street America continues to face strong economic headwinds on numerous fronts. The Consumer Price Index (CPI) data released last week showed inflation coming in at 5 percent and core CPI, which excludes food and energy, rose .4 percent from the prior month. Suffice it to say, when the target inflation rate is 2 percent, there is nothing to celebrate when…

SMALL BUSINESS SNAPSHOT

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After another month of newly released economic data and surveys on the state of the country’s small businesses, one thing is abundantly clear: this economy is still not working for Main Street America. The Consumer Price Index (CPI) data released this month once again confirmed inflation continues to be stuck at unprecedentedly high levels, coming in at 6 percent. Equally concerning, core…

SMALL BUSINESS SNAPSHOT

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It may be a new year, but President Biden and Congressional Democrats’ out-of-control spending spree continues to weigh heavily on the economy and the pocketbooks of the American people. Inflation remains persistently high with no clear end in sight despite the President’s best attempt to paint a rosy picture of the economy in his State of the Union address. Workers and Main Street know…