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Rising business costs squeeze SME profits
The cost of doing business is increasing at a faster rate than prices by 2.2%, according to a new survey by Fathom Financial Consulting.
The research found that companies costs rose at an average of 6.1% and consumer prices only increased by 3.9% - leading to a gap of more than 2%.
"Business Price Inflation at 6.1% means that firms' profits, already under pressure from the recession, are being squeezed further by rapidly rising costs," said Erik Britton of Fathom.
Post Date: March 23rd, 2009
The research found that companies costs rose at an average of 6.1% and consumer prices only increased by 3.9% - leading to a gap of more than 2%.
"Business Price Inflation at 6.1% means that firms' profits, already under pressure from the recession, are being squeezed further by rapidly rising costs," said Erik Britton of Fathom.
Post Date: March 23rd, 2009
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