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US Consumer Confidence Drops to Three-Month Low on Inflation

  • Conference Board index fell slightly in May to 106.4
  • Plans to buy appliances, homes and cars all declined
Consumer figures suggest that high inflation is weighing on household sentiment.

Consumer figures suggest that high inflation is weighing on household sentiment.

Photographer: David Paul Morris/Bloomberg
Updated on

US consumer confidence dropped in May to the lowest since February, underscoring the impact of decades-high inflation on Americans’ economic views.

The Conference Board’s index decreased to 106.4 from an upwardly revised 108.6 reading in April, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called for a decline to 103.6.