A recent poll reveals that a significant majority of Americans are feeling the strain of rising prices, despite assertions from former President Donald Trump that inflation is under control. The survey conducted by Harris Poll highlights the ongoing economic concerns that have persisted since the pandemic.
Poll Results on Rising Prices
According to the poll findings, 74% of Americans reported an increase in their monthly household expenses, with most seeing hikes of at least $100. This increase has affected individuals across the political spectrum, with both Democrats and Republicans acknowledging the price rises.
Economic Sentiment
- Percentage of Americans Reporting Costs Rise: 74% have noticed increased monthly expenses.
- Average Increase: Between $100 and $749 per household monthly.
- Perception of Economy: 54% believe the economy is in a recession.
- Pessimism on Economic Future: 53% think the economy is worsening, up from 48% last year.
Trump, however, has maintained that inflation is “virtually nonexistent,” claiming on social media that prices are “WAY DOWN” in the U.S. In his statements, he promised to address inflation immediately upon taking office.
Inflation Statistics
As of August 2025, the inflation rate stands at 2.9%. This marks a decrease from an annual rate of 3% in January. Although it has considerably fallen from a peak of over 9% in 2022, it remains above the Federal Reserve’s target of 2%.
Impact of Economic Policies
Research from the Yale Budget Lab suggests households will see an average annual cost increase of $2,300 due to Trump’s tariffs, equating to about $191 per month. Many citizens attribute these price rises to government economic policies.
- Perception on Causes of Price Hikes:
- Standard yearly changes due to inflation: 45% Republicans, 22% Democrats.
- Current government policies: 55% Democrats agree.
Future Political Implications
With the midterm elections approaching, the economic dissatisfaction among independents could impact party dynamics. While both parties experience increasing pessimism, the support for Democratic policies remains strong.
- Voter Sentiment:
- Only 25% express optimism for the Democratic party, down from 37%.
- Support for price gouging bans and child tax credits remain popular proposals.
Overall, the findings illustrate a national unease about rising prices and economic policies, reflecting the ongoing challenges voters face as they prepare for the upcoming elections.
