Prices for food, rent, gas, and other necessities are running roughly 20 percent to 30 percent higher than they were four years ago, souring many Americans on the economy.
The state of the economy is seizing Americans’ attention as the election season has intensified. Although inflation has slowed, to 3.5 percent from 9.1 percent in 2022, prices are well above their pre-pandemic levels.
First quarter estimates of America’s economic performance are due Thursday.
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