By: Economic & Finance Report
Consumer prices rose in 2021, as the recent US Labor Dept Statistics were released. The high record of 7% on a rolling year over year basis. This is considered the fastest inflation has hit since 1982. Energy and food sectors seem to be what has been driving the prices to rise drastically.
Inflation has seemed to be in the fore front for voters in the 2022 midterm election. Since the coronavirus seems to be here to stay (in different variants); voters are looking at inflation and rising prices in many sectors, as a driving wedge issue for them at the poll booth.
As prices continue to rise and labor wages don’t; politicians and elected officials will definitely make this a central issue during the 2022 midterm elections because the voters already have. -SB
Image Source: CNET