Consumer sentiment hits record low, inflation fears rise amid Iran war

[BumRushDaShow]

Source: CNBC

Published Fri, Apr 10 2026 10:07 AM EDT Updated 12 Min Ago


Consumer confidence 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.

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.

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 rise from the March reading to its highest since August 2025. The one-year outlook in April 2025 was 6.5% following President Donald Trump’s “liberation day” tariff announcement.

Survey comments “show that many consumers blame the Iran conflict for unfavorable changes to the economy,” said survey Director Joanne Hsu. However, Hsu also noted that most of the interviews were completed prior to the April 7 cease fire.

Read more: https://www.cnbc.com/2026/04/10/consumer-sentiment-inflation-fears-iran-war.html

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From the source - [link:https://www.sca.isr.umich.edu/Surveys of Consumers]






Article updated.

Previous article -

Published Fri, Apr 10 2026 10:07 AM EDT Updated 2 Min Ago


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.

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.

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.


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Original article/headline -

Consumer sentiment tanks, inflation fears rise in March amid Iran war

Published Fri, Apr 10 2026 10:07 AM EDT


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