President Donald Trump discusses inflation and the affordability issue at a Cabinet meeting.
The president Donald Trump Democrats struggled with their focus and focused on the Cabinet meeting on Tuesday, saying that their policies are bringing about historic inflation that they are working to bring down and continue to worry Americans.
“The available voice is the price of democracy,” Trump said. “They say it and then they go to the next story and everybody thinks, ‘Hey, they had low prices.’ No, they had the worst rise in our country’s history. “
Trump said that since January, the administration has stopped inflation in its tracks “and admitted that” there is still more to be done “like” slowing down. He also pointed to low electricity prices and low tax rates, as well as cheap food items such as eggs.
Inflation increased At the highest level in 40 years, it reaches 9.1% in June 2022 amid supply-related disruptions Acaring Despite that progress, inflation remains above the Federal Reserve’s 2% target and has risen in recent months.
Voters express economic worries about rising prices as costs rise, Fox News Poll finds
Trump Blowed Democrats’ Focus on Access After Inflation Hits Highs. (Andrew Caballero-Reynolds/AFP via Getty Images)
Bureau of Labor Statistics’ Consumer price index (CPI) It showed that inflation was 3% in January when Trump came to the White House, and declined by 2.3% in April – which was the lowest rate since March 2021.
However, inflation has rebounded in recent months and is back 3% in Septemberlast month when the data was published.
The inflation rebound coincides with the Trump Administration’s rollout of The prices are highas American importers face higher costs from import duties by passing some of those costs on to consumers at higher prices.
Consumer confidence is rising as Americans worry about the economy
Voters have been questioning the Trump Administration’s economic policies, with FOX News Poll Finding last month that 76% of respondents rated the national economic conditions as “not so good” or “poor” in their view.
They also show a negative view of themselves Personal Situations in Financerating 60% of them neither good nor poor, and 40% said they are in good or very good financial condition.
A majority of voters said they approve of Trump’s handling of the economy, with 38% expressing approval. While 77% of Republicans said they approve of the President’s handling of the economy, only 25% and 6% of Democrats expressed approval.
Low-income Americans are optimistic about their financial future amid ongoing controversy, analysts show
Americans are always concerned about prices, with rising food consumption and significant energy prices. (Photos by Robert Nickelsberg/Getty Images)
More than half of the respondents, 52%, said that the prices are “not controlled by all the voters, 18% of the voters voted that inflation is completely controlled, and 29% said that it is controlled in some way.
Food costs were a particular pain point, with 85% saying they had increased last year.
Other places of Household budgets Causing financial difficulties at higher rates than last year were utility costs and health costs, as well as housing costs, with at least two-thirds of respondents reporting higher costs in those categories.
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Electricity prices is where voters who responded to the survey reported the most relief, as 54% reported increases and 30% said their gas costs had decreased in the past year.
