Data from the National Federation of Independent Business revealed that 70% of companies raised their selling prices within the past 3 months. This number is slightly less than last month’s 72% balance, but still constitutes the second-highest percentage in the survey’s 47-year history. Approximately 46% of firms surveyed intend to raise prices further over the next three months, which is the sixth-highest percentage since the survey was first conducted.
Is this supposed to be a bad thing? When their costs are up, they only have so much they can cut, then they have to raise prices.