Inflation concerns shape voter sentiment in recent election impacting Kamala Harris's campaign

Inflation concerns significantly influenced voter sentiment in the recent election, contributing to Kamala Harris's defeat. Exit polls showed 45% of voters felt worse off than four years ago, with many prioritizing inflation as their main issue. Despite official inflation rates at 2.4% and wage growth outpacing prices since mid-2023, many Americans feel financially strained. Prices rose 20% since January 2021, while wages increased by 17.4%, leading to a perception of reduced purchasing power. Voters recalled Trump's presidency as a time of low inflation and rising wages. A CBS News poll indicated that 65% viewed the economy positively under Trump, contrasting with lower approval for Biden's economic management.