The Weight of Inflation On The Midterms

The Federal Reserve has just boosted rates for the sixth time this year in a bid to reduce inflation – an issue on the minds of many Americans, and which has now become a hot topic in the midterms campaigns.

Eko Hot Blog reports that shoppers across the country are feeling the pain. The cost of food in the US is rising at the fastest pace since the 1970s, with grocery prices up 13.5% in the 12 months to September – and wages are failing to keep pace.

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The Republicans are running with it as one of their key talking points to attack the Democrats.

However, for the Democratic base, polls suggest that inflation concerns have been overshadowed by the fight over abortion – which returned to the spotlight after the Supreme Court struck down the constitutional right to abortion in June – as well as worries about democracy generally, which some attribute to former president Donald Trump’s involvement in politics.

For Republicans, the economy remains key, especially as the price of gasoline – which looms larger than food prices in the public imagination – has started to tick higher, after dropping this summer.

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Republican candidates are also focused on issues that appeal to their base, like immigration – and pollsters have warned of the risks of running a one-issue campaign.

Source: BBC

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