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1360AM WTAQ: Nearly Half of Businesses Have Seen Costs Go Up by 10% or More

GREEN BAY – WMC’s Nick Novak joined WTAQ Radio to talk about how inflation is impacting businesses in Wisconsin. According to the Wisconsin Employer Survey, 82 percent of employers have been negatively impacted by inflation and nearly half of them have seen costs increase by over 10 percent thanks to historically high inflation.

Notably, one in five companies have seen costs go up by more than 20 percent. Information from the Wisconsin Employer Survey matches what is happening nationally. The producer price index – which measures the final cost of goods and services paid by employers – was up 9.7 percent over the last year, which is nearing a record high.

Listen to the full segment below: