How Americans view inflation ahead of November

U.S. inflation cooled slightly in April, but President Biden says prices are still too high. CBS News executive director of elections and surveys Anthony Salvanto explains how voters feel about rising prices' impact.
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[@Onehitwonder828]

I don't need CBS to explain to this American how I feel about inflation. FJB

[@chrisganesha]

Exactly. It’s not the middle and upper classes that are really feeling it. It’s working class, working poor, and fixed income folks. The reason is the inflation happened fast in housing costs, food, gas, and clothing, and then the prices never came back down but incomes in these categories remained flat across the period. Thank you for reporting it well.

[@Chad_Max]

Prices won't come back down unless there's an extended period of deflation which would be terrible for economic growth. Inflation is always a consequence of bad fiscal policy and excessive government spending. The former is almost solely on the Fed and the latter is on the existing administration. The problem with democrats is that they push a lot of programs that cost a ton of money (ie. green energy) and this current administration in particular has run rampant with spending. The financial markets react to inflationary pressure but they don't actually cause it. That is to say, McDonald's is reacting to inflation, which is devaluing profits and increasing costs of raw materials and labor, by raising prices and generating record profits but the profits are worth less now b/c of inflation. The democrats always destroy the working class and increase the wealth gap when they're in power and they need their constituents to continue to vote for them so they claim things like "corporate greed" b/c they don't want this set of voters thinking too much...

[@GotoHere]

We view it as the worst inflation in our lifetimes. Trump 2024.

[@Dan-gy3cu]

Interest rates have a lesser affect on greedflation.

[@denniscarver7681]

Lets put it straight. Prices have gone up 30% now only raised up 3.somthing% Yes we are bled dry, disposable income gone. Cancel xmas.

[@PG-tc6os]

It is time to change Joe!!!