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Survey: Most blame Trump for inflation
A Reuters/Ipsos poll has shown that approximately 78% of Americans blame President Trump's policies for the rising cost of living, with this issue being the most pressing concern ahead of the upcoming November congressional elections. The survey indicated that 57% of Republican supporters believe that costs are increasing faster than their wages, despite Trump's promises to fight inflation and lower prices since the start of his campaign. However, the rising inflation has led the Federal Reserve to raise interest rates in an attempt to control prices, as costs have increased due to factors such as higher energy prices and sanctions imposed. The majority of Americans believe that tariffs on imports are a main factor behind rising prices, and Trump's declining popularity is impacting Republican support ahead of the elections, amid growing dissatisfaction among Democrats and independents with the management of the economy and inflation. The results also showed that many people are cutting back on spending, such as dining out or spending on entertainment, to manage the increasing cost of living.
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