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Business owners struggling with inflation | Local News

Business owners in Citrus County and the nation are being forced to raise prices and make other adjustments as inflation continues to escalate.

They are saddled with higher supply costs than even six months ago.

Most small business owners (62.7%) report lower profits than expected over the past six months due to declining sales and higher expenses as inflationary pressures rise, according to new survey data from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.

Get more from the Citrus County Chronicle

Rising costs are causing cash flow problems for 35.9% of small businesses, according to the SCORE survey.

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