WASHINGTON (Gray DC) – After reaching its highest level in decades, inflation has become a key factor in the 2024 presidential race.

Many Americans have said throughout the election season that inflation will impact how they vote in November.

“Every time we go to the grocery store we are faced with higher and higher bills, of course that is going to have an impact on who I vote for,” said Tim Iswalt, a Pennsylvania voter who said he supported former President Donald. Asset.

“When they say it’s about the economy, to me it’s all about the economy,” said Chris Preston, another Pennsylvania voter.

Both leading candidates in the race have said they plan to try to address voters’ concerns about inflation.

“On my first day in the Oval Office, I will sign an executive order directing every cabinet secretary and agency head to use every tool and authority at their disposal to defeat inflation and rapidly bring prices down to consumption,” former President Trump said at a press conference. gathering in North Carolina in August.

The Trump agenda’s plan to combat inflation includes lifting restrictions on US energy production, cutting government spending, reducing regulations, restoring peace by force (which they say will lead to price stability) and stopping illegal immigration.

“We will reduce costs, including everything from health care to groceries. I will tackle corporate price gouging. I have done it before and I will do it again,” Vice President Harris said at a rally in Greenville, North Carolina, earlier this month.

Harris’ platform plan to reduce inflation includes cutting taxes for more than 100 million middle- and working-class Americans, reducing the cost of housing, groceries and prescriptions, providing relief from the medical debt of millions of Americans and the fight against price gouging.

Business Forward Foundation President Jim Doyle said he believes Harris’ proposed policies will help reduce inflation.

“Until now, the fight against inflation has mostly been about fixing supply chains and recovering from COVID, and that’s what’s happening, and the Fed’s smart policy has led to what we hopefully it will be a soft landing,” he said. “And they are currently in the process of lowering rates, which should stimulate investment and help the economy grow.” Now is the time to focus on other reasons why prices are rising, and they are rising because we don’t have enough housing, child care is too expensive, and health care costs are rising . So the Harris-Walz administration is talking about steps it can take to reduce these pressures.

The grocery store is one of the most inflation-frustrated places for Americans. National Grocers Association President and CEO Greg Ferrara said the next president must work with grocers to help address concerns about food inflation.

“The reality is that when government passes legislation or regulation that increases the cost to businesses, that cost is passed on. And we’re talking about it today. The EPA has passed regulations that could potentially require grocers to replace every refrigeration item in their stores, resulting in astronomical cost increases,” he said. “We need a strong regulatory system so consumers can continue to trust grocery stores, but we have to do it smart. The other thing the government can do is help introduce competition into the market. »

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