Share of Small Business Owners Reporting Inflation as Biggest Problem Rises to Highest Since 1981

Share of Small Business Owners Reporting Inflation as Biggest Problem Rises to Highest Since 1981


The share of small business owners reporting that inflation is the biggest problem facing their business grew in December to its largest since 1981, a survey released Tuesday showed.

Twenty-two percent of small business owners reported inflation as their biggest problem, according to the National Federation of Independent Business. At the start of 2021, just two percent said inflation was the biggest problem.

“Small businesses unfortunately saw a disappointing December jobs report, with staffing issues continuing to impact their ability to be fully productive,” said NFIB Chief Economist Bill Dunkelberg. “Inflation is at the highest level since the 1980’s and is having an overwhelming impact on owners’ ability to manage their businesses.”

Small business owners remain pessimistic about the future but slightly

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