Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
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Source: CNBC
Published: 2026-05-23 00:07 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Education, Middle East, Military & Defence, Iran, Energy, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan's Surveys of Consumers said Friday.
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