Consumer Confidence Rises Even As Inflation Does, Too

Topline

Consumer sentiment improved above expectations last month to a five-month high as Americans appear to be less worried about inflation—even as it spiked this month—according to the University of Michigan’s monthly survey released Friday, though those polled still see a “substantial risk” inflation could rise in the future.

While inflation expectations have improved, consumers still foresee a “substantial risk” that … More inflation will jump in the future.

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Key Facts

A preliminary reading of the University of Michigan’s consumer sentiment survey was 61.8, above June’s reading of 60.7 and slightly above the Dow Jones estimate for 61.4, the strongest sentiment level since February (64.7).

This is a developing story.