Inflation Worries Send US Consumer Confidence Plunging to 10-Year Low

Inflation Worries Send US Consumer Confidence Plunging to 10-Year Low
A person shops in the meat section of a grocery store in Los Angeles, Calif., on Nov. 11, 2021. Mario Tama/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

U.S. consumer sentiment plunged to a decade low in November, according to a University of Michigan survey, which blamed surging inflation and a growing conviction among American consumers that no effective policies have been put in place to tame runaway prices.

The university’s consumer sentiment index fell to a reading of 66.8 in November, down nearly 7 percent from October’s reading and a 10-year low.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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