Exclusive poll: Inflation remains a concern despite president’s pledge to reduce prices on ‘day one’
Nine months after Donald Trump took office, promising to reduce prices on “day one”, a clear majority of Americans say their monthly costs have risen by between $100 and $749, according to an exclusive new poll conducted for the Guardian.
The president has continued to insist that there is “virtually no inflation”. “Prices are ‘WAY DOWN’ in the USA,” Trump wrote on social media in late August.
Yet according to a new Harris poll, Americans are still reporting soaring inflation and are increasingly pessimistic about the economy.
I think prices will continue to go up nearly forever. That’s kinda how inflation works. Deflation is rare and usually a bad sign.
Inflation is normal, what we typically call inflation is when it’s above the normal rate. The target rate by most national banks is 2% inflation.