Vice President Kamala Harris is expected to roll out her economic plan Friday during a speech in Raleigh, North Carolina. Early indications are it will have a progressive populist thrust, including attacks on corporate 'price gouging,' which conservative critics say is a smokescreen to deflect from the Biden-Harris administration's handling of inflation.
Day one in office was 3½ years ago. What have you been doing in the meantime to tackle inflation?' E.J. Antoni said. 'You've been creating it.' Similar remarks were echoed by former President Trump Wednesday during his own stop in North Carolina. 'I gave Harris and Biden an economic miracle, and they quickly turned it into an economic nightmare,' the former president said.
Prices climbed 2.9% from the same time last year. It marked the lowest level of inflation since March 2021. Housing costs were once again the main driver of inflation last month. Rent costs rose 0.3% for the month and are up 5.1% from the same time last year. Rising rents are concerning because higher housing costs most directly and acutely affect household budgets. The cost of food climbed 0.2% last month and is up 2.2% from the same time last year. The food-away-from-home index rose by 0.
Despite these increases, Harris-Walz spokesperson Joseph Costello wrote in a campaign email Wednesday, 'Inflation is at its lowest in over three years, and our economy is strong.' CLICK HERE TO GET THE FOX NEWS APP 'Donald Trump’s agenda would take us backwards, giving tax handouts to the same big corporations that are price gouging Americans, while raising prices on the middle class by $2,500 and driving our economy into a recession,' Costello said.