Policy analyst James Pethokoukis recently discussed how the sharp rise in inflation is still fresh in voters’ minds, potentially influencing President Biden’s polling numbers.

What Happened: During CNBC’s “Last Call,” Pethokoukis reflected on the economic challenges faced by the Biden administration.

"We had a huge inflation surge over a short period of time that wasn't that long ago," he said.

"You just have to look back at 2020 or 2021. They remember what the eggs cost, they remember what bread cost. Those numbers are still very firm in people's minds, so they think that prices are still out of hand, even though those price rises have minimized.”

Pethokoukis added that the only solution to the problem is a real wage increase over the next seven months leading up to November’s election.

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In his State of the Union address, Biden criticized corporations for inflating prices, aligning with the public sentiment in the polls.

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