Inflation Forces Businesses To Raise Prices

A PwC survey found more than 60% of business leaders believed they'd likely have to increase the prices of goods and services this year.

The pinch of inflation is creating a crunch for some businesses across the country and across industries. 

Businesses around America face a new challenge in this pandemic: raising the price of the products they sell. 

"The rent's going up, the labor's going up, the food cost is going up," said Pete Boland, the managing partner of The Galley and Mary Margaret's Olde Irish Tavern in St. Petersburg, Florida.