Gas Price Relief Lifts Consumer Confidence Despite Lingering Inflation Concerns
By PYMNTS
AI summary of the source article
Consumer confidence climbed to its highest level since June as gas prices dropped in October. The Conference Board reported that its Consumer Confidence Index rose 7.5 points to 91.7.
Key facts
- Consumer confidence reached its highest level since June due to easing gas prices in October.
- The Conference Board's Consumer Confidence Index rose 7.5 points to 91.7 in October.
- The data was announced in an October 27 press release by The Conference Board.
Source excerpt · PYMNTS
Consumer confidence rose to its highest level since June as the price of gas eased in October, The Conference Board said in a Tuesday (Oct. 27) press release. This change was indicated by a 7.5-point increase in The Conference Board’s Consumer Confidence Index, which rose to 91.7 in October, according to the release. That figure […] The post Gas Price Relief Lifts Consumer Confidence Despite Linge…