In April, the University of Michigan's Consumer Sentiment Index dropped to 77.2 from 79.4 in March, with inflation expectations rising to 3.2% annually.
Consumer Sentiment Index at University of Michigan fell to 77.2 in April from 79.4 in March, continuing a plateau following large gains at the end of 2023. Inflation expectations climbed, with consumers expecting prices to rise at an annual rate of 3.2% over the next year, the highest since November. The University of Michigan's figures highlight the ongoing impact of high prices and borrowing costs on consumers, despite steady wage growth.
April 26, 2024
15 Articles