Polls consistently show inflation as a top concern for voters; a recent YouGov poll found 64% of Americans see inflation as a very serious problem, with a focus on rising grocery prices.
Despite public worry about grocery costs, food price increases have been slowing down. Economists expect overall inflation to have climbed by 3% in July, potentially leading to a September interest rate cut by the Federal Reserve.
While some blame Biden for increasing prices, former President Trump highlights the surge in food costs over the past four years. Grocery prices rose 1.1% in the year through June, a significant decrease from the peak in 2022.
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