Colorado Springs

Inflation impacting small businesses – Colorado Springs, Colorado

Colorado Springs, Colorado 2021-07-14 20:26:55 –

Pueblo — SMEs across the country are aware that the prices of supplies needed to stay operational are rising rapidly, and Pueblo is no exception.

“Previously it was $ 35.00 per 30 dozen, but after that it was $ 103.00. It was the highest price for 30 dozen eggs!” Said Destiny Villalobos, owner of Hopscoch Bakery in downtown Pueblo.

Many restaurants in town had to adjust menu prices to keep up with the cost of supplies, but so far Hop Scotch has been able to make normal prices work.

“We want to keep our customers … we don’t want to make a big test of it, but now things are starting to come back together. To be honest, try to keep that price the same as much as possible. I am trying to. “

But SMEs aren’t the only ones struggling to cope with current inflation.

Devin Doose says he lives in Pueblo and saves money by “reducing driving a bit, going to work, staying at home and not eating out.” She says her biggest problem with rising prices is finding a new place to live.

“(It) definitely struggles when you make a lot and the price of the apartment is one bedroom, two bedrooms than what I make!”

by US Bureau of Labor StatisticsThe Consumer Price Index rose 0.9% in June 2021.

AAA reports it Colorado gas prices It has risen by more than $ 1.00 compared to this time last year, higher than the current national average.

Villalobos says that if your order doesn’t meet certain monetary criteria, you’ll have to drive to Colorado Springs because the shipping company won’t. She says that for a small business with only four employees, a single trip usually costs an additional $ 20.00.

But even if prices go up, Hops Scotch believes it’s okay. Doose says, “Keep positive in negative situations,” and believes she is “provided in some way.”



Inflation impacting small businesses Source link Inflation impacting small businesses

Back to top button