US Consumer Confidence Inches Up Despite Soaring Gas Prices Brought On By Conflict In Iran
Mar 31, 2026
WASHINGTON (AP) — U.S. consumer confidence inched higher in March despite soaring energy prices brought on by the war in Iran.
The Conference Board said Tuesday that its consumer confidence index rose modestly to 91.8 in March from 91 in February.
The board said that while rising costs due to tar
iffs and spiking oil prices induced by the conflict in the Middle East did not affect the topline confidence reading, there was increasing pessimism in other measures of the survey, including expectations of higher inflation.
Respondents’ comments about oil, gas and war spiked and consumers’ 12-month inflation expectations surged to levels last seen in August 2025.
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