Trump is falsely blaming Harris for high prices. His plans will cause huge inflation | Steven Greenhouse

The first factor was the pandemic, which closed thousands of factories worldwide and badly disrupted supply chains, causing prices of everything from furniture to cars to soar.

Under Biden, Congress enacted the American Rescue Plan, which gave an important boost to our pandemic-plagued economy and sent checks to millions of households to help them weather the pandemic. Thanks to that ambitious plan, the US under Biden has had far stronger economic growth than other G7 countries while also having the lowest average unemployment rate under any president since Lyndon Johnson. Indeed, the 16.2m jobs added under Biden are a record, far more than were added under any previous president in a four-year term.

The truth is, the US economy is in good shape, even though many people are unhappy because prices are considerably higher than when the pandemic began. Many Americans fail to realize that wages have been rising faster than prices.

To battle high grocery prices, Harris has vowed to crack down on price-gouging by food suppliers and supermarket chains. She also wants the government to do more to reduce bloated prescription drug prices, in the same way Biden has chopped insulin prices to $35 a month for seniors.