In April, US consumer sentiment fell to 77.9 due to inflation concerns, a drop from 79.4 last month.
In early April, US consumer sentiment fell to a preliminary index of 77.9, reflecting mounting frustration with high inflation and prices, according to the University of Michigan. This marks a drop from last month's 79.4 index, which was the highest since mid-2021. Consumers expect prices to increase at an annual rate of 3.1% over the next year, up from the 2.9% expected the previous month.
April 12, 2024
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