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Global Business News

The Economic Times

Global Business / The Economic Times

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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.

28 Aug 2026 11:06 pm