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Inflation is the number one concern of American households, according to all surveys. The Republican opposition accuses President Joe Biden and his Democratic Party of being responsible for the price increase, especially for gasoline. From the oil state of Texas, we feel the pulse a few days before the mid-term elections.
Texas, United States.
The United States is experiencing highest inflation since 1982. Stimulus plans to overcome the Covid pandemic and the war in Ukraine increase the cost of living. According to the Moody’s agency, andThe average household is spending $445 more per month for the same goods as a year ago. While prices for household items and gasoline have stabilized slightly in recent months, inflation remains much higher than it has been in decades. On a commercial street in San Antonio, Texas, the opinion is unanimous: prices have generally increased. Here are the collected opinions.
Focus 2/11/2022 Elections in the US: Inflation in the campaign
Nevertheless, The United States is not the only country what does one see historically high inflation. According to the International Monetary Fund, average consumer prices have increased more year to year in the UK and Germany than in the United States, with 9.1% and 8.5% compared to 8.1%, respectively.
The reasons for the global economic downturn are complex and include the effect of the COVID-19 pandemic on supply chains, changing consumer demand, and Russia’s invasion of Ukraine, which has disrupted global food supplies and Energy.
Still, polls show Americans remain divided on whether the problem was caused by President Joe Biden, an argument Republicans are mobilizing in their favor.
