WASHINGTON — Optimism at small U.S. businesses edged down in June as owners were battered by rising food, energy and labor costs, a survey released Monday showed.
The National Federation of Independent Business index of small business optimism fell 0.1 point in June to 89.2 as more owners cited inflation as their top concern.
Every time trucks pulled up to the back doors of small businesses to deliver supplies, food, staples, etc., owners would see higher prices and surcharges, said William Dunkelberg, NFIB's chief economist.
The percent of owners citing inflation as their No. 1 problem is up 3 points to 20 percent, the highest reading since 1982, the group said.
Source: SignOnSanDiego.com