[Text/Observer Network Zhou Yibo]
According to the US "Capitol Hill" news, on July 11, local time, White House Press Secretary Carine Jean-Pierre publicly stated that she was affected by the soaring oil prices. , the U.S. Consumer Price Index (CPI) will rise sharply in June.
reported and analyzed that the U.S. Department of Labor will release U.S. CPI data for June on the 13th. The White House is preparing the public for this "surge" data in advance. Pierre also insisted in his speech that the upcoming data is "outdated" because oil prices are falling.
However, due to poor response to many social issues, as the mid-term elections approach, US President Biden 's support rate has been declining. According to " New York Post ", data released by the American polling agency Civiqs on the 8th showed that less than 1/3 of Americans approved of Biden's work performance, while the proportion of opponents was as high as 57%. Among the 50 states in the United States, the survey results in 48 states are that "there are more opponents of Biden than supporters."
Screenshot of the US "Capitol Hill" report
CPI data released monthly by the US Department of Labor is an important key indicator for measuring the inflation situation in the United States. Data released by the department on June 10 showed that the U.S. CPI rose by 1.0% month-on-month and 8.6% year-on-year in May. The year-on-year increase hit a 40-year high.
" The New York Times " pointed out that as some think tanks said, this inflation report is "quite ugly." Whether it is government officials, economists or investors, they had previously expected U.S. inflation to ease, but The data for May surprised them.
Today, the U.S. CPI data for June will be released soon. "Capitol Hill" believes that this number must not be low, and the White House is also responding to this. That number could reach 8.8%, according to economists surveyed by Bloomberg.
html On July 11, Jean-Pierre told reporters at the White House press conference, "We expect the overall number (CPI in June) including gasoline and food to rise significantly, mainly because the price of gasoline in June is too high. "High.""Gasoline and food prices continue to be severely affected by the Russia-Ukraine conflict, but there are several important things to remember when we get these past data," Jean-Pierre declared. Out of date” as oil prices have fallen and are expected to fall further in the coming days.
According to data from GasBuddy, a website that monitors real-time gasoline prices in the United States, U.S. oil prices have fallen for 27 consecutive days.
Data from AAA Gas Prices, the AAA gas price tracking website of the American Automobile Association , also shows that as of the 11th, the national average gas price was US$4.678/gallon, and in June, this number was at a historical high of US$5/gallon.
Screenshot of AAA Gas Prices website
Although Jean-Pierre reiterated that fighting inflation is President Biden’s top economic priority, "Capitol Hill" pointed out that in the past few months, the price of food and energy across the United States has reached record highs , has caused headaches to the public.
reported that Biden will visit Saudi Arabia this week. Although US officials downplayed the importance of oil price issues during this visit, Biden may propose that " Middle Eastern countries should produce more oil." to meet global demand.”
In fact, since entering 2022, national inflation data have hit new highs for several consecutive months. Data released by the U.S. Department of Labor showed that the U.S. CPI rose by 1.2% month-on-month in March and 8.5% year-on-year. At that time, the year-on-year increase reached the highest level since December 1981.
html In April, U.S. inflation slowed but remained close to a 40-year high. In May, U.S. CPI rose 1.0% month-on-month and 8.6% year-on-year, breaking new highs again.Not only that, the American people are also quite pessimistic about the country's future economic situation.
According to the June 2022 Consumer Expectations Survey released by the New York Fed on July 11, consumers who are over 60 years old, have a college education or more, and have an annual income of more than $50,000 generally believe that in the next year Prices will rise. U.S. consumers' median inflation expectations for the next year rose to 6.8% in June from 6.6% the previous month, setting another record high since records began in 2013.
The survey shows that American consumers’ concerns about rising prices are mainly focused on rent, food, medical care and university education.
According to the estimates of respondents, in the next year, U.S. rent prices are expected to increase by 10.3%, food prices are expected to increase by 9.2%, health care prices are expected to increase by 9.5%, and college education prices are expected to increase by 8.7%, all at the same level. Category High.
In addition, about 51% of the respondents believe that their family's financial situation will get "significantly worse" or "somewhat worse" in the next year. This is the first time this data has exceeded 50% since the survey was launched.
Inflation in the United States has reached the highest level in 40 years. Source: " Washington Post "
It is worth noting that even though the Biden administration is racking its brains to lower oil prices, it is still struggling due to the soaring cost of living, shortage of infant formula, and abortion rights. His approval ratings have also been declining due to his poor response to issues such as the Trump administration's political dispute and the supply of monkeypox vaccine.
According to the New York Post, data released by the US polling agency Civiqs on the 8th showed that less than 1/3 of Americans approved of Biden's work performance, while the proportion of opponents was as high as 57%.
The survey results show that Biden’s support rate is very low among all age groups, all education levels, and male and female voters. Not only is the approval rating below 40% among all groups, but young voters aged 18 to 34 are the least satisfied with being "unpopular", with an approval rating of only 21%.
In addition, among the 50 states in the United States, the survey results of 48 states are that "there are more opponents of Biden than supporters". Only Hawaii and Vermont , which have long been in the Democratic camp, are exceptions.
" Joe Biden 's presidency will be like riding on a ship with a thousand holes." Republican consultant and conservative commentator Ryan Gdaski said that the Democratic Party will be in the upcoming 2022 There will be many difficulties in the midterm elections.
"Except for the issue of abortion rights, Democrats have nothing left to use in the midterm elections."
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