University of Michigan: Consumer Confidence Falls as Gas Prices, Inflation Worries Climb
May 22, 2026
May 22, 2026
ANN ARBOR, Michigan, May 22 -- The University of Michigan issued the following news:
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Consumer confidence falls as gas prices, inflation worries climb
Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to lift gasoline prices, according to the University of Michigan Surveys of Consumers.
Sentiment is now just below the previous historical trough seen in June 2022. The cost of living . . .
* * *
Consumer confidence falls as gas prices, inflation worries climb
Consumer sentiment fell for the third straight month as supply disruptions in the Strait of Hormuz continue to lift gasoline prices, according to the University of Michigan Surveys of Consumers.
Sentiment is now just below the previous historical trough seen in June 2022. The cost of living . . .