« It’s the economy, stupid », launched in 1992 James Carville, advisor to Bill Clinton during his victorious campaign against George Bush senior, convinced that the presidential election would first be decided on economic issues. « It’s the inflation, stupid », lament today the leaders of the Democratic Party, aware that the rise in prices and its impact on purchasing power actively contributed to the scathing defeat suffered by Kamala Harris.
Iconically, the average price of the Big Mac increased in the United States from $4.69 in 2019 to $5.68 in 2024, an increase of 21.1%. Certainly, inflation, which reached a peak of 9.1% in June 2022, has fallen sharply since then, falling to 2.1% in September. Too late, when we know…
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