Consumer Sentiment Dips to 8-Month Low Despite Easing Inflation Expectations U.S. consumer sentiment unexpectedly dropped to an eight-month low in early July, according to the University of Michigan’s preliminary reading. Despite expectations for easing inflation, consumers remain frustrated with persistently high prices, which are eroding living standards. The sentiment index fell to 66 from 68.2 in June, contrary to economists’ predictions of a slight increase. While consumers’ inflation expectations for the next year and the long term decreased slightly, nearly half of the respondents spontaneously expressed concerns about high prices impacting their quality of life. This decline in sentiment comes despite recent data showing cooling inflation, highlighting the ongoing impact of price pressures on consumer perceptions of the economy. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts 15 Weakest Currencies in 2024 READ MORE Food Wars Loom as Nations Hoard Supplies, Warns Agricultural Trader READ MORE ZeroHedge: Core Consumer Prices Hit New Record High – Up For 50th Straight Month READ MORE Consumer Price Growth Slows, Potential Relief for Fed Rate Decisions READ MORE Expectations for Student Debt Forgiveness Climb in Latest NY Fed Poll READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment