Tags: Rasmussen | inflation | fear | Fed

Rasmussen Poll: Most Americans Fear Inflation Is on the Rise

Wednesday, 14 Nov 2012 07:47 AM

By Peter Moses

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Most Americans are worried inflation may be just around the corner, according to a new poll by Rasmussen Reports commissioned in the days after the election.

Overall, 76 percent of those polled said they are concerned about inflation. Of that number, 48 percent said they were “very concerned.”

Groceries seem to be a bellwether indicator of inflation for many Americans, as 83 percent of those surveyed said they paid more for groceries this year and 64 percent are convinced prices will continue to increase over the next year.

Editor's Note: Economist Warns: ‘Money From Heaven a Path to Hell.’ See Evidence.

Among the 1,000 Americans polled, Republicans are more concerned about inflation than Democrats are.

More than half of the respondents also have less confidence and trust in the banking sector over the past three months, the poll suggested.

Half of investors believe in the Federal Reserve Board, but 54 percent of non-investors don’t.

Inflation concerns have changed very little from October’s survey, but is down from 2008 and 2009, Rasmussen reported. Forty-five percent expressed some confidence the Fed will be able to control inflation and will keep interest rates low, but only 12 percent fall in the “very confident” category. Before this year, overall confidence in the Fed was mainly in the high 30s since July 2009.

According to an election exit poll conducted by NBC News, voters see inflation as the No. 2 economic problem they face, trailing only unemployment.

Of the more than 25,000 voters polled, 38 percent chose unemployment, which totaled 7.9 percent last month, as their biggest economic problem.

Then came inflation, named by 37 percent of voters, taxes cited by 14 percent and the housing market by 8 percent.

Editor's Note: Economist Warns: ‘Money From Heaven a Path to Hell.’ See Evidence.

© 2014 Moneynews. All rights reserved.

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