Less than 30 percent of American voters are content with President Joe Biden’s handling of inflation, a new poll shows.

According to the ABCNews/ Ipsos poll released June 5, 28 percent of voters said they were pleased with how Biden is dealing with inflation, while 27 percent gave the same answer in relation to the gas cost.

The president’s efforts in facilitating economic recovery following the COVID-19 downturn gained an approval rate of 37 percent, a fall of 16 percentage points compared to a year ago, which stood at 53 percent.

The percentage of people satisfied with Biden’s overall performance ticked up slightly to 42 percent from 36 percent in late May, the lowest approval rating since taking office.

The poll figures also indicate that economic factors would play a decisive role in the midterm elections in November.

Specifically, up to 51 percent of respondents reported that inflation and the economy will be of immense importance in determining their voting behavior in the 2022 midterm elections.

Meanwhile, 21 percent of interviewees attached the most importance to inflation in informing their vote. Next came the economy as the “second most important issue,” with 19 percent.

The poll was carried out from June 3 to June 4 on a nationally representative sample of 542 adults.

The survey came following Biden’s remarks that it was unlikely his administration would be able to cut down the cost of inflation, including gas and food prices, any time soon.

“The idea we’re going to be able to, you know, click a switch and bring down the cost of gasoline is not likely in the near-term,” Biden told reporters at the White House on June 1.

“We can’t take immediate action that I’m aware of yet to figure out how we’re bringing down the prices of gasoline back to $3 a gallon,” he added.

Biden cited the war in Ukraine that has trapped the country’s wheat exports as an external cause of inflation.

Earlier in a May 30 op-ed on The Wall Street Journal, Biden laid out three steps in his plan for fighting inflation.

U.S. inflation hit 8.3 percent in April, near a 40-year high, as the country sees soaring food and gas prices.

The national average gas price reached a new record on May 17 at $4.67 a gallon, which is 45 cents higher than the price one month prior, and $1.58 more than a year ago, according to American Automobile Association.