by Daniel de Visé
USA Today
Prices rose 2.6% between October 2023 and the same month in 2024, an unremarkable figure.
Yet, inflation seems to be on everyone’s minds.
This month, higher prices helped deliver the presidency from the Democrats to Donald Trump. A CBS News Election Day poll showed three-quarters of voters considered inflation a hardship.
“I think that cumulative inflation is the main reason people were annoyed, going into this election,” said?Ryan Bourne, an economist at the Cato Institute, a libertarian think tank.
The emphasis here is on “cumulative.” Inflation has eased, but prices are likely higher for good: about 21.4% higher since February 2020, according to an?analysis?by the personal finance site Bankrate.??