Inflation fears surge 10%, double 2018 worries

Concerns about rising inflation, especially in housing and food costs, have jumped, doubling the fears of just three years ago, according to a groundbreaking “Inflation Index” survey provided to Secrets.

In the new Zogby Poll, the inflation that the public perceives has increased 10%. That is double what was felt in 2018.

Zogby Analytics pollster Jonathan Zogby told us, “Americans’ fear of inflation continues to rise. On a scale 1-10, where one stands for ‘not at all afraid’ and 10 for ‘terrified,’ average fear of inflation this year was 6.2, compared to last year’s 5.9. Republicans and Donald Trumpvoters, as well as baby boomers and Generation X, are most worried about inflation.”

Inflation has actually increased to 5%, with the consumer price index at an adjusted 5.4%, according to the Bureau of Labor Standards.

Zogby has surveyed inflation concerns in 2016, 2018, and 2020, and this time he found that the biggest worries are over housing and food costs.

“Similar to previous three surveys, we have asked our respondents to separately estimate the change in prices for the following categories: food and beverages, housing, healthcare, college education and childcare. The highest mean perceived inflation was for food and beverages and housing (10.8%) and lowest for childcare (7.3%),” he said in his report.

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