How Inflation Impacts Small Business Operations

In recent years, inflation has become an unavoidable part of the global economic conversation. As prices rise across industries, small businesses—often hailed as the backbone of the economy—are among the hardest hit. Unlike large corporations with deep pockets and robust financial strategies, small businesses typically operate on thinner margins and have less flexibility to absorb cost increases. But how exactly does inflation affect their day-to-day operations? Let's explore.