And that’s exactly where inflation can get “sticky,” meaning once prices for services rise they tend to remain at those levels for some time. “When you have strong price pressures in the services sector, they’re likely to last longer,” Nicaj said. That’s the risk that you also take as a business raising prices, because you may lose clients.”To Ryczko, it’s a strategic balancing act. Courtesy Genora Boykins and Sharon Owens“I don’t know of any goods that we are utilizing that haven’t increased in cost,” Boykins said. “Even if it doesn’t necessarily turn around, at least you don’t want [prices] to continue to escalate month after month after month.”

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