Affordability challenges are a concern for many as midterm elections approach. A recent increase in gas prices has contributed to higher costs. The economy is still feeling the effects of price increases that began over five years ago.

Pressure is mounting on those responsible for controlling inflation to take action. This could involve changes to interest rates, which would impact borrowing costs for things like mortgages and cars.

Further information about the current state of inflation and its potential impact is available. The latest figures show a notable increase in costs from one month to the next.