Consumers’ 12-month inflation expectations fell to 6.7%, the lowest level since September 2021, from 7.1% last month.
The current situation index, based on consumers’ assessment of current business and employment conditions, rose to 147.2 from 138.3 the previous month.
Meanwhile, the expectations index, based on consumers’ near-term outlook on income, business and labor market conditions, rose to 82.4 from 76.7. But this measure is hovering around 80, a level The Conference Board said was associated with the recession.
