Among Black-owned small businesses not planning on a price increase in the next year or unsure, what is the primary reason why?

Among Black-owned small businesses not planning on a price increase in the next year or unsure, what is the primary reason why?

Respondents: 324 Black small business owners and 714 non-Black small business owners throughout the US | age 18+

Black

Non-Black

Inflation sensitivity

44%

32%

No reason to consider a price increase

22%

24%

Competition

17%

25%

Other business priorities

17%

18%

Other

1%

1%