(The Hill) - Nearly a third of U.S. businesses are likely to increase prices by the end of the year as they continue to adjust to rising costs and inflation, a new report found..
More than 30 percent of businesses surveyed by LendingTree said they expect their prices will be higher in six months than they are now. About 5 percent said that their prices will go down, while 68 percent said they will stay the same.
The findings come amid uncertainty over President Trump's long-awaited tariff rollout this year and continued pressure from inflation.
"Tariffs are likely playing a significant role in these concerns, but so is the overall sense of uncertainty that remains in the American economy," LendingTree chief consumer finance analyst Matt Schulz said in a release on the report's findings.