Opportunities and challenges faced by Utah’s local businesses

Good Morning Utah

SALT LAKE CITY (ABC4) – Prices are rising and predicted to continue climbing throughout the year, but two of the biggest culprits right now are gasoline prices that are up 58% over the last year, and used cars and trucks up, being up by 31%.

You’re really seeing it across the board in household items too.

Now the federal reserve says this inflation is a severe threat to not only businesses but the economy, and it’s among the top stories from 2021 carrying over into the new year.

So where are we at here in Utah?

Joining Good Morning Utah to share more about this is Roberta with the Department of Economic Development and local business owner Alfonso Brito.

For more information click here.

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