US Consumer Sentiment Drops in August on Inflation Worries

US consumer sentiment drops in August on inflation worries

In August, U.S. consumer sentiment took a hit, largely due to ongoing inflation concerns and the escalating conflict in the Middle East. The war launched by the U.S. and Israel against Iran has caused a surge in global energy prices. This downturn in sentiment is striking across all political affiliations, with Republicans feeling the impact most significantly.

Consumer Sentiment Drops Sharply In August. It's More Than 10 Points Lower Than 2025.

The figure stood at 51.7, a roughly 6% drop compared to July, according to the University of Michigan's survey of consumers.

Consumer Sentiment Drops in August; Economic Instability Cited

The latest University of Michigan Consumer Sentiment Index, released Aug. 28, came in at 51.7 in August 2026, falling from 55.2 in July due to persistent inflation worries and a worsening economic outlook. “Consumer sentiment confirmed its early month reading, falling about 6% from last month and landing about 11% below a year ago amid… The post Consumer Sentiment Drops in August; Economic Instability Cited appeared first on RISMedia.