Almost 80% of Americans say that inflation is impacting them personally, a new poll shows, with 57% blaming President Joe Biden.
The Yahoo News/YouGov poll also found that inflation was the top issue on Americans’ minds, with 17% saying so. Additionally, just a small minority of Americans, 18%, say that Biden is doing enough to address inflation, which is at its highest rate in decades.
Prices jumped 6.2% since last October, the highest rate in three decades. Contributing to the spikes is the increased demand for goods as the United States emerges from the COVID-19 pandemic, which has led to supply chain bottlenecks and product shortages ahead of the holiday season. (RELATED: Manchin: Lawmakers ‘Can No Longer Ignore’ The ‘Threat’ Of Inflation)
Trucks wait in line at the Port of Los Angeles, in San Pedro, California, in October. (Photo by ROBYN BECK/AFP via Getty Images)
Just over 50% of Americans said that they were concerned that they “won’t be able to afford what they need during the holidays due to inflation,” while 45% said that they “won’t be able to get what they need” because of shortages, the poll showed.
Poll results also placed Biden’s approval rating at 43%, mirroring other recent polls that reflect a decline since mid-August.
Despite growing concerns over inflation, blame is largely split along party lines. While 73% of Republicans blamed the president for price spikes, 48% of Democrats blamed the pandemic and 29% blamed former President Donald Trump, according to the poll. (RELATED: Over 60% Of Americans Say Biden’s Policies Are To Blame For Accelerating Inflation)
The poll was conducted from Nov. 17-19 among 1,696 American adults, and it has a margin of error of 2.6 percentage points.
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