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Sponsored Feature | Coastal Community Bank: Tips for Businesses To Navigate The Inflation Storm

 

Last updated 3/10/2022 at 11:05am

Russ Keithley, Chief Banking Officer at Coastal Community Bank.

Snohomish County business owners are feeling the effects of price increases. They are adjusting and planning for increased inflationary costs that are an inevitable part of the economic landscape for 2022.

According to the U.S. Bureau of Labor Statistics, in December 2021, Seattle and Snohomish County area prices were up 0.6 percent in November, and in December were up 7.6 percent over 2020. In 2021, food prices increased 8.4 percent, and energy prices jumped 25 percent.

As a local business bank, Coastal Community Bank bankers meet regularly with local businesses to help them prepare an...



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