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.
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