A shopper walks through a supermarket as grocery price inflation continues. (Press Association via AP Images)
As Americans grapple with rising costs, presidential candidates are presenting competing visions on a key campaign issue – the economy.
While recent data indicates inflation is easing, the prices of essentials like food and housing remain stubbornly high. Vice President Harris and former President Trump offer contrasting approaches to address these ongoing challenges.
The latest round of data from the Consumer Price Index shows that prices are still rising even after the huge spikes over the past few years. But the rate of inflation finally dropped below 3% for the first time in three years, offering a glimmer of hope that the increases might finally be leveling off as millions of Americans struggle to make ends meet. Prices for energy, new and used cars, and clothing have actually dropped a bit, offering some relief for consumers.
“I told you we were going to have a soft landing, my policies are working,” said President Biden.
However, over the past year, rent and housing costs have increased by 5%, alongside rising grocery prices, energy costs, and insurance rates. So, while inflation may be cooling, the burden of everyday
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