A recent CBS-YouGov poll found that most Americans believe President Biden’s policies will cause prices to rise further, while Donald Trump’s policies are seen as more likely to reduce inflation.
Specifically:
– 55% said Biden’s policies will make prices go up, while 17% said they will reduce prices.
– For Trump, 44% believe his policies will lower prices compared to 34% who think they will increase prices.
– There is a 21-point gap in Trump’s favor on the question of who is more likely to raise prices, and a 27-point gap in Trump’s favor on reducing prices.
The poll results indicate that as inflation remains high, the public widely expects Biden’s policies will exacerbate rather than relieve rising costs of living, while Trump is viewed as better positioned to tackle inflation.
This makes inflation a potential political liability for Biden ahead of the 2024 election.