Visitors to Central Park have shared how high inflation leading to price increases on everything from groceries to gasoline has impacted their lives the most.
“The food? That’s one of the few chills I have left is eating food that I love,” said Dennis, a New Yorker. “It gets a little more difficult.”
Danielle, from California, noted that gas near her home could cost up to $8.
“Luckily I have a hybrid, but I have four kids and the grocery bill has literally doubled,” Danielle told Fox News.
Inflation hit 40-year highs in 2022, according to the Labor Department. The consumer price index, which measures the price of everyday goods, rose again in May, posting an increase of 8.6% compared to a year ago.
BIDEN’S ECONOMY, HAS INFLATION CHANGED LIVES? AMERICANS WEIGH
Adam, from Utah, told Fox News, “I’ve noticed the inflation when it comes to gas prices. It has a bit of an effect on how far I’m willing to drive.”
Average gasoline prices have repeatedly broken records throughout 2022, topping $5.00 per gallon in June. The national average was $4.96 a gallon on Tuesday, according to AAA.
LARRY SUMMERS SAYS AMERICANS SHOULD LOSE JOBS TO REDUCE INFLATION
One woman told Fox News: “I mean obviously gas, yeah, I noticed that, but also groceries, just like the cost of food has really gone up.”
“My grocery bill keeps going up,” she said. “That’s probably the biggest area where I feel like I have to be careful and watch where my money goes.”
Kai from New York said, “Let’s talk about the fact that family-sized fries and snacks, when you open them, it’s like half empty and the price is higher.”
INFLATION ROCKS BUSINESSES AS LANDLORDS WARN AMERICANS CUTTING HOME UPGRADES AND SERVICE EXPENSES
Christina, from Texas, said the impact goes beyond groceries and gas.
“It’s crazy, there are no houses to buy right now,” Christina said. “Unless you’re willing to pay at least $100,000 or more above the asking price, you can’t buy a house.”
“And then the rents are harder”, to pay, she added.
Skyrocketing airfares have prevented Danielle from buying plane tickets for her four children.
“I only went with one of my kids instead of the others,” she told Fox News. “We just couldn’t afford to go across the country.”
More than 71% of Americans said they were unhappy with President Biden’s handling of inflation, according to a June ABC News/Ipsos poll.
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
But one park visitor said inflation was inevitable.
“People keep blaming Joe Biden,” Dennis said. “It’s not his fault.”
“It’s a global phenomenon,” he continued. “He inherited a mess.”