By Jordan Boyd, The Federalist
Inflation jumped 7.5 percent last month compared to last January in a new almost 40-year high. This increase in the consumer price index marks the fastest year-over-year rise since 1982.
Despite promises from President Joe Biden and economic “experts” that inflation would be short-lived, it is steadily increasing (much like border apprehension numbers). In November, inflation reached the highest it had been for that month in 40 years. Similar to January, December 2021 inflation surged 7 percent to the highest year-over-year level since 1982.
These new inflation highs are problematic not only for Americans who have suffered economic instability and rising prices due to government-forced interruptions for nearly two years now but also for an already unpopular Biden and vulnerable Democrats.
As the 2022 midterms approach, Americans are seeking change. A recent CBS poll found that at least 40 percent of Americans said they were “nervous” about the future of the country. Approximately two-thirds of American voters believe the country is on the wrong track.
Even 48 percent of independent voters, whom Biden and Democrats desperately need to maintain a majority in the House and Senate, indicated they would prefer a Republican-controlled Congress over a Democrat one, with only 39 percent saying they would prefer Democrats in control.
Still struggling with rising gas prices, bare shelves, and an ongoing supply-chain crisis, voters agree that economic conditions rank high on their list of concerns.
Read more at The Federalist.