CNBC Survey: Trump's Approval Challenged by Affordability and Inflation

Inflation and Affordability Impact on Approval

• 📉 President Trump's approval rating on the critical issue of inflation and the cost of living has fallen to a new low in the CNBC All-America Economic Survey.
• 📊 Approval for the president's handling of inflation dropped from 37% to 31% over the past year, with disapproval rising to 66%.
• ⚠️ The net approval rating on inflation is now minus 35, showing a significant decline.

Shifting Support Among Constituencies

• 👥 Trump is losing support not only from the broader public but also from some of his key constituencies.
• 👨‍👩‍👧‍👦 Republican voters' approval on inflation has decreased from plus 58 to plus 32.
• 🏭 Blue-collar workers, once split, are now at minus 30 on the president's handling of inflation.
• 🏞️ Support in rural counties has also flipped, moving from plus 13 in April to minus 14.

Economic Perceptions and Overall Approval

• 📈 For the first time since April, a majority of Republicans (53%) rate the economy as just fair or poor.
• 💼 Despite the decline in inflation views, the president's overall economic approval ratings remain underwater at minus 11 net approval.
• 🏛️ Republicans continue to show strong approval for the president on issues like immigration (89%) and tariffs (81%), despite broader public disapproval.

Political Outlook and Consumer Sentiment

• 🗳️ The public now prefers a Democratically controlled Congress by a 50% to 46% majority, the largest margin seen since 2020.
• 🗣️ The survey suggests that price increases are a more significant issue for consumers and are impacting political views more than commonly acknowledged by economists and politicians.