The Economist/YouGov survey asked, "How much have you felt the impact of this high inflation in your own life?" to which 95 percent said it has affected them at least "a little," while 56 percent said it has impacted them "a lot."
Of those who answered that inflation has impacted them "a lot," an overwhelming 65 percent are 45 to 64 years old, while 62 percent are individuals earning less than $50,000 a year.
Ninety-eight percent of those who said they have been affected by inflation are Republicans, while 94 percent are Democrats, according to the survey.
The survey of 1,500 U.S. adult citizens age 18 and over was conducted from Aug. 7 to Aug. 9, and has a margin of error of plus or minus 2.9 percent (adjusted for weighting), and plus or minus 3 percent (registered voters).
Inflation Hitting HouseholdsElsewhere, the electricity index increased in July, rising 1.6 percent, and 15.2 percent year over year, marking the largest 12-month increase since the period ended in February 2006.
Gasoline, meanwhile, fell 7.1 percent in July, but is still up 44 percent from a year ago; the fuel oil index has risen 75.6 percent.
Inflation is now costing U.S. households an extra $717 a month, according to a new analysis from the Joint Economic Committee Republicans (JECR).
The JECR calculated the figure by comparing prices for goods and services in July versus how much they would have cost households in January 2021, when inflation wasn't rapidly rising and remained at historical norms of 1.4 percent.
"Even if prices stop increasing altogether, the inflation that has already occurred will cost the average American household $8,607 over the next 12 months."
When respondents were asked in the Economist/YouGov poll if they believe the IRA would increase or decrease inflation, 40 percent said they believe it will increase it, while 12 percent said it would decrease inflation. A further 23 percent said they believe the IRA won't change inflation.