US Consumer Sentiment Drops to Five-Month Low on Prices [View all]
Source: Bloomberg
October 24, 2025 at 10:00 AM EDT
Updated on October 24, 2025 at 10:17 AM EDT
US consumer sentiment fell in October to a five-month low, as worries persisted about stubbornly high prices and the impact on their finances.
The final October sentiment index fell to 53.6 from 55.1 in September, a deterioration from the preliminary reading, according to the University of Michigan. A measure of current conditions dropped to the lowest since August 2022.
Consumers expect prices to rise 3.9% over the next five to 10 years, more than the 3.7% they anticipated a month ago, the data released Friday showed. Respondents expect prices to rise at an annual rate of 4.6% over the next year, down slightly from 4.7% a month earlier.
“Overall, consumers perceive few material changes in economic circumstances from last month; inflation and high prices remain at the forefront of consumers’ minds,” Joanne Hsu, director of the survey, said in a statement. “There was little evidence this month that consumers connect the federal government shutdown to the economy.”
Read more: https://www.bloomberg.com/news/articles/2025-10-24/us-consumer-sentiment-drops-to-five-month-low-on-price-concerns
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