The recent article in the regional business publication focused on how persistent inflation is forcing businesses to make larger adjustments.
A recent article in the Triangle Business Journal focused on how local businesses are responding to persistently high inflation includes insights from Chris Harris, associate professor and chair of the Department of Finance at Elon.
Despite repeated rate hikes by the Federal Reserve, inflation remains high, with the consumer price index rising again in January, an increase that translates into an annual gain of 6.4 percent. That translates into widespread impacts for a broad range of business.
Harris explained to reporter Lauren Ohnesorge with the regional business news outlet that for most companies, “almost every input is going to continue to be more expensive … from raw materials that need to be bought to even being able to hire people.”
However, some unique business concepts are able to profit under such circumstances, Harris said.
“One of the positives of an inflationary environment is people become selective in some ways, so really good businesses will be able to continue to exist and grow,” said Harris, who is also director of the Center for Financial Literacy.
Read the Triangle Business Journal article to learn more.