UM consumer confidence index hits new high, long-term inflation remains a challenge 🧐
The UM Consumer Confidence Index jumped to 72.6, the highest level since September 2021. The current situation index surged (77.5 vs. the previous value of 69), and the 1-year inflation expectation declined slightly (3.4% vs. the previous value of 3.3%). , back to the lowest level since 2021, the decline in short-term inflation expectations is consistent with the recent softening of hard data, with the percentage of CPI components showing an increase in year-on-year growth at its lowest level since 2009. However, the only problem with this data release is that long-term inflation expectations have rebounded to 3.1%, back to a 12-year high since 2010, and it looks like the battle against long-term inflation will continue for a while longer.
#消费者 #通胀 #CPIData #密大