The final value of the Michigan University Consumer Confidence Index for August, with an inflation expectation of about three and a half years, hit a low water level.

August 31, 2024, 5:13 AM GMT+9.

According to the final value of the Consumer Confidence Index survey for August, announced by the University of Michigan on the 30th, the inflation expectation for households in a year's time was 2.8%, a decrease from 2.9% in July, reaching a low level since December 2020. This means that American consumers expect inflation to continue to be restrained for the next year.

Last updated: August 30, 2024, 23:54 JST.
The final value of the Consumer Mind Index for August rose to 67.9, falling below expectations.
The inflation expectation for one year ahead is 2.8%, reaching a low level since the end of 2020.
Consumer sentiment in the United States improved for the first time in five months in August. The slowing inflation and expectations of a rate cut have brightened the outlook for households.