🔻 increase in living costs; One of the most important concerns of voters in the US midterm elections.
🖋️ Rachel Cologne,.
BBC economic correspondent in New York.
The rising cost of living has become one of the top concerns of many people in this country on the eve of the midterm elections in the United States, as the price of many basic goods has risen this year.
Americans are feeling the pressure of rising food prices. The price of these products rose by 2.5% in the year ending in September, while the general inflation rate reached 3.7% in the same period. In contrast, the average hourly wage increased by only three percent during the same period; This means that the increase in wages lags behind the increase in prices.
The increase in inflation was mainly caused by the US war with Iran, although Donald Trump's trade tariffs also played a role.
The price of fuel for cars increased by 34.2% in the year that ended in September.