Why inflation helped tip the election toward Trump, according to expertsA surging stock market, low unemployment and robust growth -- by just about every measure, the economy stood poised to deliver victory for Vice President Kamala Harris. The political potency of inflation stems from the visceral, recurring sense of unease caused by high prices, experts added. Prices began to rise rapidly in the U.S. in 2021, catapulting the inflation rate to a peak of about 9% the following year. Consumers will likely acclimate to current price levels over the coming months, but voters will remain sensitive to inflation, experts said. When asked about whether inflation could reemerge as an important issue ahead of the next midterm elections in 2026, Jackson said: “If Republicans shoot themselves in the foot, absolutely.”Why inflation helped tip the election toward Trump, according to experts originally appeared on abcnews.go.com

Source: ABC News November 08, 2024 11:37 UTC