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What To Prepare For When Inflation Continues To Jump?

With the economy continuing its resurgence from the pandemic, inflation jumped for the 8th consecutive month to 4.8% in June, in May it was 4.0%. The Fed likes to keep inflation around 2% but said it is willing to tolerate even higher readings if the longer-term average stays around that level and the economy has not yet achieved full and inclusive employment. As inflation can lead to uncertainty and could severely impact your business, as a business owner, this is a critical time for you to take a hard look at your pricing as well as the cost of running a business.

When was the last time you review/analyze your profitability? Do you need help? If you have questions or need help, please do not hesitate to call us at (832) 295-3353 to schedule an introduction meeting. You can also set up an appointment with us at Last but not least, please like and share our daily posts. #business #economy #smallbusiness #inflationstrategies #inflation

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