U.S. Vice-President Kamala Harris is set to make her first major economic policy speech as the Democratic nominee for president Friday, with an expected focus on lowering prices for consumers.
The expected plan for the speech in North Carolina reflects a recognition that the economy remains top of mind for voters heading into November’s election after years of high inflation.
The Harris campaign said there will be a particular emphasis on “price gouging” on groceries.
Year-over-year inflation in the U.S. has reached its lowest level in more than three years, falling below three per cent, the U.S. Labor Department said Wednesday. But food prices and other consumer goods are 21 per cent above where they were three years ago.
Consumer confidence surveys show that high prices remain a persistent source of frustration for shoppers, particularly among lower-income Americans, even as inflation has cooled.
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There have been similar concerns in Canada, where consumers say they’re struggling with …