Consumer confidence holds steady from September amid persistent inflation
Summary
Consumer confidence in the U.S. stayed nearly the same from September to October despite ongoing inflation. The University of Michigan reports that consumer sentiment is lower than it was a year ago.Key Facts
- Consumer confidence was 48 percent in October, almost the same as 48.1 percent in September.
- Inflation is continuing to put pressure on Americans’ money.
- Compared to October 2025, consumer sentiment dropped by 10.4 percent.
- The University of Michigan’s Surveys of Consumers Index measures how people feel about the economy.
- The small change shows that people’s outlook about the economy is not improving much at this time.
- Persistent inflation means prices are staying high for many goods and services.
- Consumer confidence affects how much people spend, which influences the economy overall.
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