Harris zeroes in on high food and housing prices as inflation plays a big role in the campaign
Vice President Kamala Harris is zeroing in on high food and housing prices as her campaign previews an economic policy speech coming up in North Carolina
WASHINGTON (AP) — Vice President Kamala Harris is zeroing in on high food and housing prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price gouging on groceries and laying out plans to cut other costs as she looks to address one of voters' top concerns.
Year-over-year inflation has reached its lowest level in more than three years, but food prices are 21% above where they were three years ago. Republican presidential nominee Donald Trump has pointed to inflation as a key failing of the Biden administration.
The cost of housing is another major driver of inflation, and Harris plans to use federal resources to promote the construction of 3 million new housing units if elected, pass legislation to slow rent increases, and provide a $25,000 in down-payment assistance for first time homebuyers.
Harris is drawing closer to President Joe Biden's legislative and economic record, casting her initiatives as an extension of the work their administration has done over the last three and a half years.
