One of the key campaign issues in the US midterm elections was the country's record pace of inflation.

Russia's invasion of Ukraine has led to higher fuel prices. Labor shortages have also pushed up wages.

The Republicans have been on the attack, accusing President Joe Biden of taking the wrong steps and lacking a solution to rein in prices. Biden has been the main target of Republican television spots and campaign rallies.

The Republicans have been calling for federal spending to be curtailed. They say they can bring economic stability through deregulation and tax measures to spur growth.

The Biden administration has been arguing that inflation is at the top of its list of priorities.

The President signed the Inflation Reduction Act in August to lower energy and healthcare costs.

Biden has also ordered the release of oil from the strategic reserve to bring down gasoline prices.

A poll jointly conducted by the Washington Post and ABC News in September showed that 76 percent of respondents considered inflation an important factor in deciding how to vote.

The rising cost of living has been weighing heavily on the minds of American voters.