The Consumer Sentiment Index in the United States slipped by 6.2% in November compared to the previous month, to stand at 50.3, a preliminary report posted by the University of Michigan showed on Friday. The figure plunged 29.9% on an annual level. The Current Economic Conditions Index slumped 10.8% in the reported period compared to October and lost 18.2% compared to November 2024, amounting to 52.3 points. The Index of Consumer Expectations declined 2.6% on a monthly basis, but nosedived 36.3% on a yearly basis, coming in at 49. “Year-ahead inflation expectations inched up from 4.6% last month to 4.7% this month and remained well below readings in May in the wake of the initial announcements of major tariff changes. Long-run inflation expectations declined from 3.9% last month to 3.6% in November. These expectations are now below the midpoint between the readings seen a year ago and the 2025 peak reading from April,” the report stated.