The Financial Times had an article on August 3rd titled “America’s recovery: is Joe Biden’s presidency vulnerable to inflation?” that included a report from Glenside about inflation’s impact on local businesses.
From the article:
For small business owners in Glenside in the northern suburbs of Philadelphia, rising prices have become a common gripe.
“It’s really affecting my bottom line,” says Alisa Kleckner, who sells masks and costumes, primarily using leather, for theatre productions. “The cost of raw goods has gone up, the cost of transportation has gone up, and also the entertainment industry is suffering,” she says.
Joe Sparacio, who runs the Crate and Press Juice Bar, is worried about the possible hit to come. “The cost of all our produce went up,” he says, “strawberries, blackberries, almond milk. Chicken went up threefold. For now it’s not a problem because the customers are paying more, but if that stops then it’ll be a big problem.”
You can read the full article here.