Monso Business Banking. It just works. So you can too. Join businesses like Target

to Wishing by opening a Monso Business account.

What I love about Monso Business account is how easy everything is. It can be filtered,

it can be tagged. We thought we'd have to manage our business around our banks, but that's

not the case for Monso.

My name is Shun. I am the Founder of Target Trition.

Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director

of a limited company, UK Business is only terms and conditions apply.

This is CBS, I'm John Bachelor. The business of America is small business and I welcome

my colleague, Gene Marks, the small business columnist for the UK and US edition of the

Guardian newspaper. And importantly, for the Philadelphia Inquirer, our hometown newspaper,

we begin with the story of the week, which is wholesale prices of PPI. You will recall

Gene during 2022 was keen to remind us that he was hearing in his travels in America.

Business to business prices, spiking, resources, materials, everything much higher than the

reported inflation. That was an early warning that the inflation number was reaching into

all of us, the consumer as well. Right now the PPI's frightened the markets. They reacted

very badly. Why? Because of Federal Reserve's job is to get inflation down to a 2% target.

We're in the 6th. We're very far from a gene, a very good evening to now. Here's the

puzzle. I know the PPI came in high and then expected. And you've been speaking about

that for more than a year now. So you were not surprised. But does this tell us that small

businesses get discouraged? That they can handle the prices? What does this tell the small

business person about the next 9 months? Good evening to you.

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