The Conference Board Consumer Confidence Index® for September found that US consumers expect inflation 12 months from now to stand at 6.8 percent. That’s down from 7.0 percent in August and a peak of 7.9 percent in June.

Overall, the Consumer Confidence Index® rose 4.4 points to 108.0 (1985=100) in September—its second consecutive monthly increase, after declines through much of the summer. Notably, concerns about inflation dissipated further in September—prompted largely by declining prices at the gas pump—and are now at their lowest level since the start of the year. This reduction in price expectations helped both the Present Situation Index and the Expectations Index improve in September from summer lows. Nevertheless, recession risks remain high. 

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