Today in data, inflation and high gas prices bring the University of Michigan Survey of Consumers’ consumer sentiment to its lowest point on record.
Data
60%: Increase in gas prices between May 2021 and May 2022
50.2: Consumer sentiment in June, down from 85.5 in June 2021
11.9%: Increase in grocery prices between May 2021 and last month
$5.01: Average nationwide price for a gallon of gasoline as of June 13
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