Joe Biden panic: US inflation surges to 31-year high as US President dealt new poll blow

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A poll by Suffolk University in Boston and USA TODAY highlighted that Mr Biden’s approval rating had plummeted since August, which coincides with the US’s withdrawal from Afghanistan after the fall of Kabul to the Taliban. Mr Biden’s approval rating is hovering at 38 percent, with almost three in five disapproving of his presidency. Comparatively, in August, he had secured a 41 percent approval rating and a 55 percent disapproval result.

This makes Mr Biden the second most unpopular president at the year mark since his election, coming in just after Mr Trump.

It also raises questions, ahead of the mid-term elections in 2022, around whether President Biden will run for a second term in office.

In the Suffolk University poll, 64 percent of respondents did not think that President Biden should run again in three years’ time.

The majority of serving presidents contest the following election in a bid to clinch a further four years in office.

However, Mr Biden is the oldest president in America’s history, and, come the 2024 elections, he will be an octogenarian.

Mr Trump – three years younger – will be 78 in 2024.

The Suffolk poll explained: “In a hypothetical rematch between Donald Trump and Joe Biden, Trump leads Biden 44 percent to 40 percent, with 11 percent saying they would vote for a third-party candidate.”

David Paleologos, director of the Suffolk University Political Research Center, said: “If these low approval numbers continue into 2022, it will likely impact midterm Democrats on the ballot.”

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This poll also backed Mr Trump’s popularity over the incumbent, saying: “Three years out from the 2024 presidential election, former President Donald Trump leads President Joe Biden by two points.”

This means that Mr Trump’s approval rating ranked at 45 percent, compared to President Biden, trailing at 43 percent in “a hypothetical head-to-head matchup among registered voters.”

This comes as inflation in the US creeps up to its highest levels in over three decades.

President Biden called getting to grips with soaring inflation rates in the US a “top priority,” with the consumer price index reaching 6.2 percent from October 2020 until October 2021.

Mr Biden said that he had ordered the National Economic Council to combat rising energy costs, and for the US competition regulatory body, the Federal Trade Commission, to “strike back at any market manipulation or price gouging.”

The inflation increase is tied to rapidly rising costs in everyday bills, such as energy, transport and food.

As has been the case across the world, America has felt the effects of ruptures in supply chains.

America is the world’s largest economy, and has been hit with an increase of 6.2 percent to the cost of living in the last year alone.

A report released on Wednesday highlighted a price increase of 0.9 percent just in October, which is more than twice the jump of 0.4 percent recorded for September.

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