University of Michigan data revealed that the consumer confidence index reached 66.8 points at the beginning of November, compared to 71.7 points last October, and compared to expectations of 72.5 points.
The data showed that the current economic situation index declined to 73.2 points from 77.7 points, and the consumer expectations index fell from 67.9 points to 62.8 points.
The report pointed out that the decline in consumer confidence in the United States to the lowest level in a decade came with the high rate of inflation and the growing feeling among consumers about the lack of effective policies to reduce the damage from rising prices.
American consumers are increasingly concerned about the rising prices of homes, cars and durable goods in the country.
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