Soaring Inflation Forces Small Businesses to Make Tough Decisions

TOLEDO, Ohio (WTVG) – Soaring inflation is causing many people to make tough financial decisions, including local businesses.

In fact, many small businesses have to choose between keeping prices the same and potentially losing money or increasing the cost of their goods and services and possibly losing customers.

“It’s tough,” said Ryan Ambrosia, owner of Ambrosia Automotive. “It’s hard because at the end of the day, that’s how we put food on our table.”

Meal Preps 4 Me owner Matthew Delman said he too has decided not to raise the price of his food preparation and delivery service.

“We kind of see this thing as temporary,” Delman said. “Obviously it’s going to stop at some point, so we prefer to take care of our customers.”

This decision makes him and his family pay the price.

“I think it just needs more strategy now because the costs have gone up so much between containers and the cost of gas,” Delman said. “What we have found is that we come home and we are close to the local people, we all share exactly the same problems.”

Some small business owners, like ice cream truck driver Michael, say they feel pressured to raise prices.

“I get people who don’t understand pricing,” Michael said. “It costs me about $70 a day to fill up.”

While most people struggle to afford food and gas first and foremost, Sauder Village’s Kim Krieger said leaders there have decided to offer reduced admission prices.

“For families who are on a food assistance program,” Krieger said. “It was definitely the right thing to do, but we realize times are tough right now and families are spending so much money on food, gas and basic necessities that sometimes it’s hard to have that extra money to spend maybe on visiting museums and places. like the village of Sauder.

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