US consumer confidence dips in May amid war-driven inflation
In May, consumer confidence in the U.S. declined as inflation, fueled by the ongoing war, impacted American households. Approximately two-thirds of the population report reducing their expenditures due to persistently high prices for gas and food.
Key facts
- U.S. consumer confidence slipped in May
- War-driven inflation weighed on Americans
- Two-thirds of Americans are cutting back on spending
- Gas prices and food costs remain elevated
Entities
Locations
- United States
Sources
- Quartz —