The old ABC confidence poll, now titled the Bloomberg Consumer Comfort index, fell from -39.8 to -44.5, a 4 week low. The State of Economy component fell 6 pts to the lowest since early Jan. Personal Finances fell from +2.4 to -3.7 (3 week low) and Buying Climate (those that think its a good time to buy something) fell 2 pts to the lowest since Feb ’10. While there is no specific questions about inflation expectations, I have to believe the persistent rise in gasoline prices, due to its high daily profile if one drives everyday, is having an impact on psyche.
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