Trump blamed for rising prices
Quick Look
- According to a Reuters and Ipsos poll, 78% of Americans believe the policies of the Donald Trump administration are the reason for price increases outpacing incomes.
- 68% of respondents are dissatisfied with the current level of inflation, which exceeded 4% in May.
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Why It Matters
In May, the rate of price growth in the United States exceeded four percent for the first time since 2023. This is attributed to the rise in energy prices due to the situation in the Middle East.
About 78 percent of Americans surveyed blame the policies of US President Donald Trump's administration for rising prices that are outpacing their income growth. This is evidenced by research conducted by Reuters and Ipsos.
As it turned out, 64 percent of Republicans, 95 percent of Democrats and 76 percent of independent voters out of about four and a half thousand respondents blame the White House for the high prices, and 68 percent of the total number of respondents expressed dissatisfaction with the level of inflation.
In May, the rate of price growth in the United States exceeded four percent for the first time since 2023, which is largely due to a sharp rise in energy prices due to the military conflict in the Middle East and the closure of the Strait of Hormuz. In September, inflation expectations of United States citizens rose from 4.0 to 4.6 percent. At the same time, the heads of American companies predict inflation at the end of the year at 5.3 percent.
Open Questions
- How does the administration plan to respond to rising inflation expectations?
