This past week, economists and the feds noted that the inflation rate has dropped. But are you feeling the benefits of that yet? Or are other economic issues still weighing you down? 

Please complete this one-question poll. If you want to reply to a more extensive survey on how things are proceeding for your business in Q4 so far, we'd love your input. Go here.

  • My business was never affected by inflation. Everything's fine on that front.
    8% (117 Votes)
    8%
  • Yes, my expenses are down & I'm starting to bounce back.
    3% (50 Votes)
    3%
  • Costs are a bit better.
    5% (78 Votes)
    5%
  • No change to report here. The effects of inflation are cumulative for me.
    19% (273 Votes)
    19%
  • Not at all -- inflation's still crushing us.
    40% (587 Votes)
    40%
  • It's hard to feel good about a drop in inflation, while high interest rates are really hurting my business.
    18% (265 Votes)
    18%
  • So what? It won't save my business. It's too late. I have to shut it down.
    2% (27 Votes)
    2%
  • Other. (Please explain in the comment section below).
    4% (60 Votes)
    4%

  • 160 Comments 11k Views

    Answers (151-155)

    As is apparent by this question, seems most people don’t understand inflation means prices are still going up. It would only feel better if prices were going down, which would mean we’re in a recession, which would feel even worse. 

    Way too much exaggeration going on imo. Things aren't terrible and the effects of Covid are evening out in most areas. Cost of food is down from last year. People sure love price gouging though; fear is like a drug.

    If you cause inflation to rise 500% and then pat yourself on the back when it comes down 65%...you insult the intelligence of those who realize INFLATION IS STILL UP 120%

    Spending is way down for our businesses. People just don't have much money so our prices have been forced down, sales are down and cash flow is in serious trouble for a lot of folks right now.

    Business from Reisterstown, MD
    Answered on Nov 19th, 2023

    Oreos are still $5 a pack and I think they are putting less filling in the middle! 🤔         

    Join Your Local
    Business Network

    Connect & get quality referrals
    from Small Business Owners