The 2 inflation areas affecting small businesses: BofA exec.

According to Bank of America's latest data, small business optimism remains below pre-pandemic levels. Yahoo Finance's Wealth! welcomes Bank of America President and Co-Head of Business Banking Raul Anaya to talk about some of the biggest costs small businesses in the US must contend with, including rent prices and wage inflation.

And as you mentioned, uh, rent inflation for small businesses ex exceeding rent, inflation for households.Through May, it it represented about 9% of total payments. OK, And you mentioned with regard to this is the other component of of how much they're paying in the payroll considerations, too.I mean, where, where has wage inflation pressure continued to either persist or where have we seen it start to perhaps decelerate a little bit for small businesses?Look, uh, wages continue to be a big component for for all businesses, particularly small businesses.

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