US Consumer Sentiment Continues to Decline Amid Lingering Inflation Concerns

US consumer sentiment has dropped for the fourth consecutive month in November, while inflation expectations have risen, according to the University of Michigan's consumer survey. Consumers anticipate inflation to accelerate to 4.5% over the next year and 3.2% over a five-year horizon, the highest level since 2011. Despite the recent slowdown in inflation, consumers remain concerned that it could reverse in the future. The burden of inflation is disproportionately affecting low-income Americans, who struggle to cope with rising prices for everyday necessities.