Just over a quarter of American voters say they are content with President Joe Biden’s handling of inflation, a new poll shows.
Thirty-seven percent said they approved of the president’s efforts to facilitate an economic recovery following the COVID-19 downturn. That's a decline of 16 percentage points from about a year ago.
The percentage of people satisfied with Biden’s overall performance ticked up slightly to 42 percent from 36 percent in late May, the lowest approval rating since taking office.
The poll figures also indicate that economic factors would play a decisive role in the midterm elections in November.
Specifically, up to 51 percent of respondents reported that inflation and the economy will be of immense importance in determining their voting behavior in the 2022 midterm elections. Twenty-one percent of respondents attached the most importance to inflation in informing their vote, while the economy, as the "second most important issue," was cited by 19 percent.
The poll was conducted June 3–4 and is based on a nationally representative sample of 542 adults.
“The idea we’re going to be able to, you know, click a switch and bring down the cost of gasoline is not likely in the near-term,” Biden told reporters at the White House on June 1.
“We can’t take immediate action that I’m aware of yet to figure out how we’re bringing down the prices of gasoline back to $3 a gallon,” he added.
Biden cited the war in Ukraine, which has blocked that country’s wheat exports, as an external cause of inflation.
U.S. inflation hit 8.3 percent in April, near a 40-year high, as prices of food and gasoline continue to surge.
The national average gas price reached a record on May 17 at $4.67 a gallon, which is 45 cents higher than the price a month earlier, and $1.58 more than a year ago, according to AAA.