The cost that business owners are facing has many worried about what the future might hold.
For some small business owners it might mean continually adjusting their prices to keep up with the rising inflation.
It isn't only the rising cost of materials that is posing an issue but the growing demand and need for higher wages too also places pressure on them.
The outlook has increased a bit for business owners in recent months as far as their optimism for the market, but it is clear that there is still a great deal of concern about how the economy might look in the next few years to come.
They aren't the only ones either, millions of people are worried about inflation and the cost of living these days.
Small business owners are going to be less able to absorb those changes as well like we might expect much larger businesses to manage, this turmoil then creates further risk of losing even more small businesses in the future.
The rapid increase in inflation and deteriorating standard of living has awakened many people to the reality of inflation itself and how harmful it can be to an entire economy and millions of people when things get out of hand.
When things are moving along slowly at only 2% it doesn't come to the mind of most.
Hundreds of thousands of small businesses just in the US alone were lost during the pandemic and many more around the world too, for others that are still operating they might have barely made it out of that difficulty.
Now inflation is yet another problem for them to face that isn't getting better soon enough and there are still questions about whether or not things might get worse despite that growing optimism.