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Consumer
Confidence Climbs in September as Inflation Expectations Cool
An analysis
by Lynn Franco, Senior Director, Economic Indicators and Surveys
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Click on the
chart to enlarge
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The Conference Board Consumer Confidence Index®
for September found that US consumers expect inflation 12 months from
now to stand at 6.8 percent. That’s down from 7.0 percent in August and
a peak of 7.9 percent in June.
Overall, the Consumer
Confidence Index® rose 4.4 points to
108.0 (1985=100) in September—its second consecutive monthly increase,
after declines through much of the summer. Notably, concerns about
inflation dissipated further in September—prompted largely by declining
prices at the gas pump—and are now at their lowest level since the
start of the year. This reduction in price expectations helped both the
Present Situation Index and the Expectations Index improve in September
from summer lows. Nevertheless, recession risks remain high.
For more information on consumer confidence and inflation expectations
please visit our website.
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