The Center of the American Experiment launched a new public awareness campaign highlighting the rising cost of everyday household items and food.
“Inflation rates have risen to their highest levels in 30 years,” the Minnesota think tank said in a press release, adding that the campaign will include “30 static posters and three digital billboards across the Twin Cities.”
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Center of the American Experiment
In October, inflation rose to 8.6% year-over-year, a rate that set a record for the second straight month. The Bureau of Labor Statistics reported this month that inflationary pressure is still strong.
This July, the White House’s official Twitter account bragged that July 4th cookout costs were down 16 cents this year from last year. But the Bureau of Labor Statistics reported in September that the cost of bacon is up 29%, gas is up 43%, and heating is up 80%, all of which are seeing their highest costs in 30 years.
A Morning Consult and Politico poll last month found that 62% of Americans blame Democratic policies for the severe inflation. This includes 41% of Democratic voters.
If inflation stays around its current level, which is 6.2%, this will mark the longest period in which inflation has stayed above 5% since 1991.
While inflation continues to increase, so do the number of jobs available. October saw an increase of 531,000 jobs in the U.S economy with unemployment falling by 0.2%, but still a record 4.4 million people have quit their jobs, contributing to a severe labor shortage.
The Center of the American Experiment aims to draw attention to how “decisions at the federal and state level are causing real pain for average Minnesotans,” said John Hinderaker, president of American Experiment.
Megan Olson
Megan Olson is a 2020 graduate of the University of Minnesota with degrees in political science and history. She works in public affairs in addition to serving on the Legislative Advisory Council for School District 196. She is also on the school board for FIT academy, a charter school in Apple Valley.
