Restaurant owner says "it's pretty scary" as inflation could force him to hike prices
Summary
Inflation has risen to 3.8%, its highest level in almost three years. A restaurant owner says rising costs, especially from higher fuel prices connected to the war with Iran, may force him to increase his menu prices.Key Facts
- Inflation is currently at 3.8% annually, the highest in nearly three years.
- Fuel prices have gone up because of the war involving Iran.
- Higher fuel costs are affecting both businesses and customers.
- A restaurant owner expressed concern about having to raise prices.
- The news report was presented by Jason Allen on CBS News.
- Rising inflation means everyday goods and services may become more expensive.
- The situation creates challenges for small businesses trying to keep prices stable.
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