Confidence Drops Amid Inflation Frustration

October 27, 2023


Read time:

<5 mins
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Concerned about growing inflation rates? You’re not alone. A new survey taken by the University of Michigan Surveys of Consumers reveals that about 47 percent of consumers reported that high prices are eroding their living standards, up from 39 percent last month. In this article, survey director and research associate professor Joanne Hsu comments on the survey results and explains the consumer sentiment behind them.

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