Americans think inflation will rise 4.2% in next year
The numbers: Consumer sentiment rose slightly at the end of October, but higher gas prices left them more worried about inflation.
The index had touched a nearly two-year high in July before retreating. A sharp decline recently in the stock market has added to consumer angst. Key details: A gauge that measures what consumers think about the current state of the economy rose to 70.6 from 66.7 in early October.Americans think inflation will average 4.2% in the next year compared to 3.8% earlier in the month and 3.2% in September. Renewed worries about inflation largely reflect higher gas prices.Big picture: The economy is still growing strongly despite stubbornly high inflation and rising interest rates.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
A third of chocolate products have 'concerning levels' of heavy metals, Consumer Reports saysThe National Confectioners Association said in response that both chocolate and cocoa “are safe to eat and can be enjoyed as treats as they have been for centuries.'
Les mer »
Is Congress making a big mistake with new consumer card legislation?Is Congress making a big mistake with new consumer card legislation?
Les mer »
Ford BlueCruise tops Consumer Reports' tests of advanced driver assist systemsFord's BlueCruise topped all others as the best advanced driver assist system. GM's Super Cruise came in second. Here are the full rankings
Les mer »
This under-the-radar consumer products stock could rally nearly 30%, Goldman Sachs saysThis consumer products manufacturer has a successful track record of market disruption and growth across categories, according to Goldman Sachs.
Les mer »
Consumer Reports finds 'concerning' lead levels in chocolate — calls on HersheyProducts found to contain excessive metal content included a dark chocolate bar and hot chocolate mix from Walmart and semi-sweet chocolate chips from Target.
Les mer »
Latest consumer product recalls: Marijuana sold in AZ, dog food contaminated with salmonella, and moreMarijuana sold in Arizona is being recalled due to possible Aspergillus contamination; biometric gun safes sold nationwide have been recalled after the shooting death of a 12-year-old boy; bags of diced onions sold in Arizona are being recalled due to possible salmonella contamination; dry dog food sold in Arizona may be contaminated with...
Les mer »