The combination of rationing and full wartime employment during World War II meant that American households accumulated large amounts of savings and had few consumer goods to buy. As a result, when price controls were lifted, inflation skyrocketed, reaching levels that were much higher than they are today, and the GOP won control of both houses of Congress by complaining about it. Inflationary pressures eventually eased as American manufacturers started producing regular consumer goods again, but the process took two full years.
You don’t have to be a genius to see the analogy between these events and our current situation. The silver lining in the story is that Truman won the 1948 election by attacking the GOP Congress. It could happen again.