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A majority of Americans say inflation will be ‘worse’ in 6 months

According to a survey by YouGov/The Economist found.

This week, the Labor Department revealed that US inflation jumped 8.5% over the past year – the biggest increase since 1981. Americans felt the change at the grocery store and at the pumps gasoline, as many say rising prices have forced them to change their behavior, even cutting back on gas errands in President Biden’s America. And according to the latest YouGov/The Economist poll, many expect it to only get worse.

A majority think inflation will be worse or the same six months from now. Forty-three percent, specifically, think there will be an even higher rate of inflation, while 24 percent say the same will happen.

Confidence in lower inflation over the next six months is low, as only 14% said there would be a lower rate of inflation at this point. Eighteen percent remain uncertain.

Opinions are scattered along party lines, as 60% of Republicans predict inflation will be worse in six months – a sentiment shared by 49% of independents and 26% of Democrats. However, about a quarter of each group – 26% of Democrats, 24% of Republicans and 24% of independents – think inflation will be the same at this point. Democrats are the most optimistic of all groups, as 25% say there will be a lower rate of inflation, compared to 6% of Republicans and 10% of independents who say the same.

Florida Governor Ron DeSantis (R), a routine critic of the Biden administration’s failed policies, added some perspective on the figures from the Department of Labor this week, making it clear that the ramifications are even worse than the 8.5% figure, because “all the things that really matter are going up a lot more than that”.

“I mean gasoline is up about 50% in the last year and used cars are up 35%, to be able to get a used car,” he said. said, again emphasizing that “the basic commodities people need to live a basic life are increasing by a lot more than 8.5 percent.

The survey was conducted April 9-12, 2022 among 1,500 US citizens.


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