Warren Buffet Warns Inflation on the Rise

Omaha, NE — Warren Buffet, president of Berkshire Hathaway, became the latest major investor to report inflation is on the rise.

“We are seeing very substantial inflation,” the Berkshire chairman and CEO said at the conglomerate’s annual shareholder meeting Saturday. “It’s very interesting. We are raising prices. People are raising prices to us, and it’s being accepted.”

“We’ve got nine home builders in addition to our manufactured housing and operation, which is the largest in the country. So we really do a lot of housing. The costs are just up, up, up. Steel costs, you know, just every day they’re going up,” the legendary investor added.

Business insiders believe several factors are at play with the recent spike. Everything ranging from kinks in the supply chain due to the pandemic to increased demand as the economy opens up.

As the cost of steel, lumber, and other commodities rise, the question is whether the prices will level off or if the market is in for a rude awakening. For many small business owners, inflation adds more concern to the ongoing trials for entrepreneurs in the current economy.

The pandemic combined with government-imposed regulations delivered a crushing blow to small businesses in 2020. 2021 opened up, offering a small but necessary bump in confidence only to see it beginning to ween in fear of inflated prices.

Add in the cost of hiring and lack of consistency with regulators at all levels of government, the path forward for employers is still in question.

As investors attempt to project the future, grocery bills continue to climb, and the future for small businesses remains dicey. Whether or not the increased cost for consumers will take hold remains in question.