As Americans begin to cast early ballots, with many planning to vote on Election Day, November 5, a new report spells significant trouble for Vice President Kamala Harris.

Ongoing high inflation during the Biden-Harris administration has led to notably higher prices for voters as the economy remains the No. 1 issue ahead of the 2024 election.

Since November 2020, overall prices have increased by approximately 21%. Under President Biden, year-over-year inflation peaked at around 9% in June 2022 but has since slowed to an annual rate of 2.4% as of September, according to data from the Bureau of Labor Statistics analyzed by the Daily Caller News Foundation.

Many essential household items have experienced price increases that far exceed the overall inflation rate, including eggs and butter, which have risen by about 163% and 50%, respectively, between November 2020 and September 2024.

Beef products have also been significantly affected by inflation during the Biden administration. The Bureau of Labor Statistics (BLS) reports that the price of uncooked beef roasts has surged by over 31%, uncooked ground beef has climbed nearly 27%, and uncooked beef steaks have increased by approximately 28%. Additionally, bread prices have risen by more than 23%, while bakery products have seen an almost 27% increase.

“Inflation has been one of the most brutal drivers of the pressure being felt by everyday consumers in recent years. Almost nobody can keep up with the cumulative rise in prices,” O.H. Skinner, executive director of the Alliance for Consumers and the former solicitor general of Arizona, told the Daily Caller.

“It’s deeply upsetting to many people when headlines focus on individual inflation prints or annual inflation numbers and don’t recognize that the prices staring at consumers from the store shelves are shocking because the inflation that has cumulatively built up has reshaped the shopping experience in a brutal way,” Skinner noted further.

"In the last reading before the election, CPI came in hot and above expectations, revealing the Biden-Harris administration was never able to get this issue under control and back to the Federal Reserve's target rate," said JCN CEO Alfredo Ortiz.”https://t.co/5vjRkbMJ2i

— Job Creators Network (@JobCreatorsUSA) October 10, 2024

In July 2023, the Federal Reserve elevated its federal funds rate to a 23-year high range of 5.25% to 5.50% in an effort to curb rising prices. The Fed maintained this rate for eight consecutive meetings before implementing a 0.50% cut in September.

The combination of persistent high inflation and elevated interest rates has strained American consumers, with delinquent credit card balances reaching their highest level in twelve years during the first quarter of 2024. Additionally, the personal savings rate has plummeted from over 25% during the pandemic to just 4.8% in August.