Egg Prices Still Going Up – Nearly Double Since 2021
Egg prices are up 82% over August last year and just went up another 6.1% from July, according to information from the U.S. Bureau of Labor Statistics (BLS).
Economy
Keeping you up to date on the economy and how it impacts small businesses.
Inflation Drives Online Grocery Prices Up 14% Over Last Year
The latest inflation data from the Adobe Digital Price Index (DPI) shows, the cost of groceries online continues to soar, reaching another record high of 14.1% year-over-year.
Gas Prices Continue Dropping
Gas prices continue dropping across the nation, however some states still have considerably higher prices compared to the national average.
Flour Price Jumps 5.3% in Last Month
The average retail price of flour across the US jumped by 5.3% in July, following trends of rising prices of products in grocery stores.
Recession Hits the Housing Market
According to NAH, only 49% of home builders feel confident in sales, at the present and for the next 6 months.
How to Get Ready for The Next Recession
On The Small Business Radio Show this week, I interviewed Gini Dietrich, whose the founder, CEO, and author of Spin Sucks.
Egg Prices Up 47% This Year – How High Will it Go?
According to the retail analytics firm Information Resources Inc, egg prices have gone up by 47% in July compared to what they cost a year ago.
Debate Heats Up on Inflation Reduction Act Effects on Small Business
The Senate vote was passed along partisan lines with a narrow margin of 51 to 50. Here is what you need to know about inflation reduction act of 2022.
These Small Businesses Face the Biggest Risk in a Recession
Smaller brands selling big-ticket appliances and apparel face the biggest risk if a ?recession is on the horizon.
Sales of Businesses Slowing Due to Rate Hikes and Inflation
Small business acquisitions decreased by 3% during the second quarter of 2022 while the median sale price slipped 9% below the previous quarter.
Debate Sparked on if US Economy is Now in a Recession
The US economy has now contracted for two consecutive quarters. While the gov't is saying we are not in a recession, the metric that has been used until now says otherwise.
Home Builder Confidence Drops for 7th Straight Month
It?s one of the biggest single month drops in the 35-year history of the HMI, and the lowest HMI reading since May 2020.