Share of US Small Firms Raising Prices Dips to Lowest Since 2021
- Inflation still ranked top issue, but not as bad as last year
- NFIB optimism index increased in June to highest this year
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The share of US small businesses raising prices last month fell to the lowest level in more than two years, potentially providing another disinflationary force in the economy.
A net 29% reported higher selling prices in June compared to three months earlier, the smallest share since March 2021, the National Federation of Independent Business said in a report Tuesday. And while inflation was still cited as firms’ most important problem, it’s nowhere near as acute as it was a year ago.