October 23, 2026

Consumer Sentiment Index Drops to Near Historic Low Amid Inflation

The Consumer Sentiment Index fell from 48.1 to 48.0 in October, nearing the all-time low of 44.8.
Confidence among independents dropped significantly to 42.4, reflecting growing concerns over inflation.
The survey indicates rising inflation expectations, with one-year expectations climbing to 4.7%.
High prices are increasingly seen as a financial strain, particularly among independents and Republicans.

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