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Consumer confidence in the U.S. fell to 93.1 in May, influenced by high gas prices and persistent inflation. The average gas price reached $4.49 per gallon, leading many consumers to alter their spending habits. Inflation hit 3.8% in April, the highest in three years, affecting real income levels.
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Consumer confidence in the U.S. fell to 93.1 in May, influenced by high gas prices and persistent inflation. The average gas price reached $4.49 per gallon, leading many consumers to alter their spending habits. Inflation hit 3.8% in April, the highest in three years, affecting real income levels.
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Consumer confidence dented with gas prices around $4.50 and inflation still elevated
U.S. Consumer Confidence Declines Amid High Gas Prices and Inflation