United States consumer sentiment hits record May low
PUBLISHED May 9, 2026, 11:02 AM ET
Read, Watch or Listen
U.S. consumer sentiment declined to a new all‑time low in May 2026 as higher gasoline prices and broader cost pressures weighed on household attitudes, according to preliminary data released Friday by the University of Michigan Surveys of Consumers. The headline Consumer Sentiment Index slipped to 48.2 from April’s final 49.8. The Current Economic Conditions Index dropped to 47.8 from 52.5, while the Expectations Index edged up to 48.5 from 48.1. Survey director Joanne Hsu said roughly one‑third of respondents cited gasoline prices and about 30 percent mentioned tariffs. Year‑ahead inflation expectations eased slightly to 4.5 percent from 4.7 percent in April.
By Moonie | JQJO News
Timeline of Events
- February 2026 Iran war begins, lifting energy prices
- February 2026 Inflation expectations at 3.4 percent
- April 2026 Sentiment index records 49.8 reading
- April 2026 Year-ahead inflation reaches 4.7 percent
- May 2026 Consumer Sentiment Index falls 48.2
- May 2026 Current Conditions Index drops sharply
- May 2026 Expectations Index edges slightly higher
- May 2026 Gasoline prices and tariffs dominate concerns
News Intelligence
- Your wallet might feel the pinch. Higher gas prices and tariffs can increase the cost of everyday items. If you're planning any big purchases or trips, consider the potential impact. Keep an eye on inflation rates, too.
Comments