Posted 3/21/2024, 10:37:41 PM
Inflation Hits 40-Year High but Shows Signs of Slowing As Economy Faces Partisan Perceptions
- Inflation is top concern for Americans; hit 40-year high of 9.1% in June 2022 but has slowed since
- Research shows economy tends to do better under Democrats, but inflation constantly fluctuates
- Presidents have limited control over inflation, but it can impact their election performance
- Inflation expectations and experiences differ along partisan lines
- Historical data shows average inflation lower under Democrats, but rates rise and fall under both parties due to various economic factors
