{"id":42924,"date":"2026-04-10T14:16:05","date_gmt":"2026-04-10T14:16:05","guid":{"rendered":"https:\/\/financialrush.com\/?p=42924"},"modified":"2026-04-10T14:16:05","modified_gmt":"2026-04-10T14:16:05","slug":"consumer-sentiment-hits-record-low-inflation-fears-rise-amid-iran-war","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42924","title":{"rendered":"Consumer sentiment hits record low, inflation fears rise amid Iran war"},"content":{"rendered":"

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High gas prices are displayed at a gas station on April 9, 2026 in Los Angeles, California.<\/p>\n

Mario Tama | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Consumer outlook plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday.<\/p>\n

The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record. Current conditions and expectations indexes also saw double-digit monthly declines.<\/p>\n

The drop in sentiment coincided with a sharp spike in inflation expectations, with respondents seeing prices up 4.8% in a year from now, a full percentage point drop from the March reading to its highest since August. 2025.<\/p>\n

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