In January, PNC Bank surveyed small business owners and half of them revealed they expect to raise their prices within the next six months, blaming the pandemic and supply chain woes. 36% expect price increases by 5% or more. A third of respondents said that supply chain issues have impacted their business, but 60% expected improvement in the next 6 months – but this survey was completed before the war between Russia and Ukraine began.

Read more here: