{"id":2564,"date":"2018-03-28T11:08:35","date_gmt":"2018-03-28T15:08:35","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=4ef9e824c89174d7e77c0b3253150061"},"modified":"2018-03-28T11:08:35","modified_gmt":"2018-03-28T15:08:35","slug":"small-business-dilemma-raise-prices-or-absorb-inflation","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/03\/28\/small-business-dilemma-raise-prices-or-absorb-inflation\/","title":{"rendered":"Small business dilemma: Raise prices or absorb inflation?"},"content":{"rendered":"<p>NEW YORK &#8212; While inflation overall has been tame the past few years, many small businesses nonetheless have seen their costs rise, especially for labour and energy.<\/p>\n<p>And economists believe we&#8217;ll see an acceleration of price increases this year. That will put more pressure on small businesses that don&#8217;t have the big revenue cushions larger companies do to help absorb costs.<\/p>\n<p>Economists say many small businesses will be forced to pass on higher costs to customers &#8212; something many business owners have been reluctant to do. As the owner of a Florida-based trucking company put it, &#8220;No one wants to be the first in the industry to raise rates and then look like the bad guy.&#8221;<\/p>\n<p>Some small business owners say for now the difference is coming out of what they take home.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK &mdash; While inflation overall has been tame the past few years, many small businesses nonetheless have seen their costs rise, especially for labour and energy. And economists believe we&rsquo;ll see an acceleration of price increases this year. That will put more pressure on small businesses that don&rsquo;t have the big revenue cushions larger [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2564"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2564"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2564\/revisions"}],"predecessor-version":[{"id":2583,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2564\/revisions\/2583"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}