The latest monthly Job Creators Network Foundation (JCNF) poll looked at how 500 small businesses fared in July - at which time the average cost of consumer goods rose 8.5 percent, the Labor Department announced this week.
Eight out of 10 respondents said they do not think President Joe Biden is doing enough to fight inflation, while only 7 percent indicated the opposite.
Over three quarters also do not believe the White House is doing enough to negate the continuous supply chain crisis, which has led to shipping delays and bare shelves across the nation for parts of this year.
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Only 26 percent of respondents announced the US economy was "good" or "excellent," while 74 percent stated it was "fair" and even "poor."
It's the latest in a litany of polls indicating the American public is struggling under current economic conditions, even as the White House takes a victory lap over a slightly lower surge in consumer costs and steadily-decreasing prices at the pump.
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July's 8.5 percent inflation report arrives after June's figure reached a 40-year high of 9.1 percent.
Though at the White House on Wednesday, Biden did not mention the spike - rather celebrating the zero percent rise in "core inflation," which factors out the volatile cost of food and energy.
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"Today we received news that our economy had zero percent inflation in July. Zero percent. Here's what that means -while the price of some things go up, went up last month, the price of other things went down by the same amount," the president announced before a bill signing event for the PACT Act.
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He admitted, however, that "people are still hurting" and cautioned, "we could face additional headwinds in the months of head" in the COVID-19 pandemic's lingering effects on the global supply chain as well as Russia's war in Ukraine.
Yet the new polls state that small business owners feel there is little to celebrate.
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Nearly half - 49 percent - announced they were forced to raise prices to keep pace with their own rising costs.
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JCNF's poll further indicates that female and minority-owned businesses are hit the hardest by the administration's handling of the economy.
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Fifty-six percent of respondents are concerned they'll have to close their doors because of the current economic conditions.
The figure increases sharply to 73 percent regarding businesses owned by people of color.
Among women-run businesses, the fear is even more common - 76 percent think they may have to close this year.
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