Businesses Set to Raise Prices Soon Amid Economic ‘Uncertainty’
Bogdan Hofbauer
A majority of small- and medium-sized businesses say they will soon be hiking prices to cope with elevated—though easing—levels of economic “uncertainty” in the U.S. According to a recent CEO survey conducted by the executive coaching firm Vistage, 57 percent plan to raise prices over the next three months, and of these, 8 percent anticipate increases of over 10 percent. “Despite improving confidence, CEOs remain very conscious of the challenges their businesses face,” Vistage wrote in its
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