Consumers expect inflation to drop

August 11, 2023 – 12:39

The University of Michigan’s general index of consumer confidence was released and it was lower than in July. Expectations of the evolution of prices fell.

Courtesy: Economic Watch

The Consumer confidence Inside America August is down, but citizens hope inflammation According to a survey, the next year and beyond will slow.

Initial reading of A general index of consumer confidence The University of Michigan reading was 71.2 this month, up from 71.6 in July and economists polled by Reuters had expected 71.0.

“In general, the Consumers Realized some material differences Economic environment “Compared to last month, there was a significant improvement over three months ago,” John Hsu, director of consumer surveys at the University of California, San Francisco, said in a statement. University of Michigan.

Inflationary expectations

Reading A study of inflation expectations The one-year rate fell to 3.3% this month, down from 3.4% in July, marking three consecutive months of stability.

Los Inflationary Outlook The five-year yield fell to 2.9% from 3% in the previous month, holding within a tight range of 2.9%-3.1% in 24 of the last 25 months.

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