U.S. consumer sentiment in early February unexpectedly declined to its lowest level in more than a decade, due to fears that rising levels of inflation would persist in the near term, according to a survey from the University of Michigan.
The university report, which was released on Feb. 11, saw the consumer sentiment index tumble to 61.7 in February, from 67.2 percent in January, hitting its lowest level since October 2011.
