Consumer Confidence Hits 21-Month Low on Rising Food and Gas Prices

Tuesday, 30 April 2024, 14:12

The latest survey revealed a significant decline in consumer confidence, with it reaching a 21-month low in April. This drop is attributed to the escalating costs of food and gas, further fueling concerns within the market. As worries surrounding the job market persist, consumers are facing heightened financial uncertainties.
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Consumer Confidence Hits 21-Month Low on Rising Food and Gas Prices

Decline in Consumer Confidence

The most recent survey indicated a notable decrease in consumer confidence, with levels dropping to a 21-month low in the month of April.

Key Factors

  • High Costs: The surge in food and gas prices has significantly impacted consumer sentiment.
  • Job Market Worries: Fresh concerns regarding employment stability have added to the overall apprehension.

Consumer confidence is a crucial indicator reflecting the economic outlook, and the current trend signals growing unease among the general population regarding their financial well-being.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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