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Bloomberg
US consumer sentiment rises in early August to a three-month high on firmer expectations about economy and personal finances.
Inflation expectations were mixed, with consumers boosting their longer-term views for prices slightly, while reducing their year-ahead outlook for costs.
The University of Michigan’s preliminary sentiment index rose to 55.1 from 51.5 in July, data showed. Consumers expect prices will climb at an annual rate of 3% over the next five to 10 years, from 2.9% in July. They see costs rising 5% over the next year, the lowest since February, compared to the last month’s 5.2%.
The sentiment gauge exceeded all but one forecast in a Bloomberg survey of economists who had a median
projection of 52.5.