According to a survey released Thursday, 70% of American adults think inflation is a very large problem in the United States.
The price of gas is displayed at a gas station in Washington, D.C., the United States.
According to a survey conducted by the Pew Research Center, 23% of Americans think inflation is a big problem in the country right now, and 6% think it's a small problem.
A majority of Republicans and Democrats think inflation is a very large problem.
After inflation, 45% of Americans said the affordability of health care was a big problem, followed by violent crime, gun violence, and the budget deficit.
Democrats listed gun violence as their top issue, but Republicans listed inflation as their biggest problem.
The percentage of people who said the Covid-19 epidemic was a big problem was down. According to a Gallup poll released Wednesday, only 17% of American adults were very or moderately worried about catching Covid-19 in April. Over the last month, the seven-day average of daily new cases has begun increasing again, despite the decrease in worry over the Pandemic. On Tuesday, the U.S. had an average of 78,236 new cases per day. Over one million new cases per day were reported in January.
The consumer price index climbed 8.5% in March, its fastest year-over-year increase in 33 years, driven by rising gas prices and the country's emergence from the coronaviruses. The first decrease in year-over-year inflation since August was reported by the Labor Department on Wednesday, but April's figures still exceeded the 8.1% jump expected by economists. According to a Gallup survey, in January of this year, 79% of Americans said they expected inflation to increase in the next six months.
Inflation was worse than expected in April. (Forbes)
Markets were dragged lower by a red-hot inflation report.
Inflation hit a 40-year high in March as Ukraine invaded.
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