SMEs

Over half of SMEs raise prices to counter inflation – report

54 per cent of businesses have taken measures beyond pricing to mitigate inflation

Niall O’Grady, CEO of Linked Finance

Just over half (52 per cent) of Irish small and medium businesses (SMEs) have raised their prices in a bid to counter inflation, according to the latest Linked Finance SME Confidence Index.

According to the Central Statistics Office (CSO), Consumer Price Index was 4.6 per cent for July, down from 4.8 per cent in June; and 9.6 per cent in July 2022.

Initial steps taken by businesses to tackle the inflation squeeze have focused on price ...