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86% Of Small Business Hurt By Bidenflation: Poll

NEW YORK, NY - APRIL 9: A closed retail store is viewed in Manhattan on April 9, 2015 in New York City. Much of New York City is witnessing a flurry of closings of beloved retail stores and restaurants due to a rapid increase in rent. It is estimated that hundreds of small businesses in New York City, one of the most sought after real estate markets in the world, are forced to close every month as rents for both light industrial and storefront space are up nearly 21 percent since 2010 according to CoStar Group. The dire situation for small businesses has led to the campaign #SaveNYC, a grassroots, crowd-sourced movement aimed to "protect and preserve the diversity and uniqueness of the urban fabric in New York City". (Photo by Spencer Platt/Getty Images)

An overwhelming majority of small business owners say they are being hurt by rising prices.

The new survey released Wednesday by small business network Alignable shows 86% reporting being hurt by high costs with only 6% saying they are thriving and not struggling.

Alignable surveyed more than 3,000 business owners from mid-April to mid-May and found that they overwhelmingly lament the burden of inflation.

In addition, 79% say that taxes have hurt their business and 76% say “current regulations have also been detrimental” to their businesses.

The poll reported that “86% assert that inflation has hurt their businesses in the past year, with 59% saying the damage has been significant.”

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