US consumer sentiment slips in October on frustration over high prices
- U.S. Consumer sentiment fell to 68.9 in October from 70.1 in September, marking a decline after two months of small gains, according to the University of Michigan.
- "Consumers continue to express frustration over high prices," stated Joanne Hsu, director of consumer surveys at the University of Michigan.
- The index reveals that consumers expect prices to increase by 2.9% over the next year, up from 2.7% in September.
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