Just a small number of Americans believe that the Democrats’ Inflation Reduction Act (IRA) will help lower inflation across the country, according to a new poll from The Economist/YouGov.
The survey was conducted Aug. 13–16, 2022, among 1,500 U.S. citizens age 18 and over and has a margin error of 2.9 percentage points adjusted for weighting 3 percentage points for registered voters.
The survey asked respondents whether they believe the $369 billion earmarked for climate and energy expenditures in the bill will increase or decrease inflation. Only 13 percent said they believe it will decrease inflation, and 26 percent said they are not sure.
A total of 38 percent of respondents said they believe it will increase inflation, while 22 percent said they think it will have no impact. In July, the annual inflation rate was at 8.5 percent….