The U.S. consumer sentiment dropped to a fresh record low in early May as rising gas prices linked to the Iran conflict weighed on households, according to the University of Michigan survey.
The index fell to 48.2, below economist forecasts and down sharply from both April and last year.
US Consumer Sentiment Declines to Record Low on Inflation Angst
— CN Wire (@Sino_Market) May 8, 2026
U.S. consumer sentiment fell to a record low in early May as Americans grew more concerned about inflation, rising gasoline prices and the impact on household finances. The University of Michigan’s preliminary… pic.twitter.com/IYn71ohTVp
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