- NBC News polls also found 58% of Americans disapprove of President Biden’s handling of the economy.
- U.S. Bureau of Labor Statistics released inflation data last week showing that prices rose across a range of items in August, but the overall inflation rate was dampened by the recent drop in gas prices, from record highs in recent months.
- Economists expect a 0.1% Consumer Price Index drop from July to August, but the 1.o% increase sent stock markets plummeting.
- The slight increase last month, amid declining gas prices, was attributed by the agency to the increasing costs in food and health care.
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63% Of Americans Say Falling Behind In Cost Of Living
The NBC News poll found a major reason felt like their paycheck cannot cover daily costs is inflation that this summer reached a 40-year high
