Joanne Hsu, director of consumer research at the University of Michigan, saidMansionpokerAfter almost no change in consumer confidence for three consecutive monthsMansionpokerIt fell by about 13% in May this year. The decline was statistically significant, bringing confidence to its lowest level in about six months. The trend in consumer confidence this month is characterized by a broad consensus that consumer confidence has declined across ages, incomes and educational classes. Consumers in the western states have fallen particularly sharply. Although consumers have retained their judgment over the past few months, they are now seeing negative developments in many ways. They worry that inflation, unemployment and interest rates could all turn negative in the coming year. Inflation expectations for the coming year are up from 3. 3 last month.Mansionpoker.2% rose to 3 this monthMansionpoker.5%, still higher than the range of 2.3%-3.0% in the two years before the epidemic. Long-term inflation expectations rose slightly, from 3.0 per cent last month to 3.1 per cent this month. Although inflation has been in a narrow range of 2.9-3.1% for 30 of the past 34 months, long-term inflation expectations remain high compared with the 2.2-2.6% range in the two years before the pandemic.