The rising cost of ingredients forces bakery shops to raise prices in the US

Published 2022년 1월 21일

Tridge summary

Inflation, marking its highest in four decades, is causing significant financial strain on small businesses, particularly bakeries, by driving up the cost of goods and services. Bakery owners have reported substantial price increases in essential ingredients, with some forced to pass on the burden to customers by raising prices. The U.S. Chamber of Commerce's Small Business Index reveals that the majority of small businesses have had to adjust by increasing prices, reducing staff, and seeking financial support. The unpredictable nature of inflation and issues with supply are prompting businesses to make tough decisions and adapt their operations as best as possible.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

No matter what you're buying these days, you're probably going to pay more for it. Inflation is at the highest it's been in four decades. Small businesses across the country are paying more for goods, including bakeries. Bakery shop owners say nearly every ingredient they use costs more. "One week it's coco powder, the next week it's butter," said bakery owner Cheryl Scripter. "The week after that it's going to be eggs, any dairy, just across the board, everything has been an increase." Food prices have increased by over 6% in the last year, and business owners are left to make tough decisions. STUART VARNEY: BIDEN IS ‘INCAPABLE' OF FIXING INFLATION"With a small business, that's what you live and die by, how much your food cost is," said bakery owner Hillary Guttman. "If it goes up even 5%, it can really impact your revenue, your ability to pay employees, pay rent, and keep the lights on."Inflation is forcing some bakery shop owners to raise prices for the first time in years. ...

Source: Foxbusiness