“U.S. Consumer Sentiment Falls to Fresh Decade Low on Inflation”
February 11, 2022
“…The University of Michigan’s sentiment index dropped to 61.7, the lowest since October 2011, from 67.2 in January, data released Friday showed. The figure trailed the median estimate of 67 in a Bloomberg survey of economists.
The report’s gauge of current conditions declined to 68.5, the weakest since 2011. A measure of future expectations decreased to 57.4, also the lowest in more than a decade.
Consumers expect an inflation rate of 5% over the next year, up from last month’s reading of 4.9% and the highest since 2008. They expect prices will rise at an annual rate of 3.1% over the next five to 10 years, unchanged from a month earlier…”
https://news.yahoo.com/u-consumer-sentiment-falls-fresh-151419313.html