Sixty-Nine Percent of Americans Disapprove of Biden's Handling of Inflation: Poll

The poll found that 69 percent of Americans disapprove of how Biden has handled inflation, while only 28 percent said they approve. Along party lines, 94 percent Republicans said they disapprove, while 54 percent of Democrats said the same. Among independent voters, 71 percent disapprove.

When it came to the economic recovery, 57 percent said they disapprove of Biden's performance so far.

ABC News noted that Biden's approval ratings also dropped when it came to crime and gun violence, with 36 and 32 percent of those surveyed approving of his handling of those issues.

However, Biden has managed to maintain a slim majority of approval in one area of his presidency: his handling of the COVID-19 pandemic. According to the ABC-Ipsos poll, 53 percent said they approved of how Biden has managed the pandemic.

The ABC News-Ipsos poll was conducted from Dec. 10 to Dec. 11 using a random sample of 524 adults. The results of the poll have a margin of error of 5 percentage points.

These new approval ratings come as inflation rates continue to soar. Last week, it was reported that consumer prices had risen by 6.8 percent in the past year leading into November — the highest annual inflation rate since 1982.

Biden said last week that he believes the US is currently at "the peak" of the inflation crisis and that inflation will drop once the Build Back Better Act, a key part of his agenda, is passed by the Senate.

"It's a real bump in the road. It does affect families when you walk into a grocery store and you're paying more for whatever you're purchasing — it matters," Biden told CNN's Kaitlan Collins.

"It matters to people when you're paying more for gas, although in some states we've got the price down below three bucks a gallon, but the point is it's not gone down quickly enough," he added. "But I think it will."