According to the University of Michigan survey published this Friday, consumer confidence in the United States increased by 9% in June after having fallen to historic lows at the beginning of the war against Iran, which has caused a rise in energy prices in recent months.

While the preliminary reading of 48.9 points earlier this month exceeded economists' expectations, the figures come two days after the Bureau of Labor Statistics (BLS) report, which reported an increase in the inflation rate to 4.2% year-on-year, again moving away from the Federal Reserve's target of 2%.

For Joanne Hsu, director of the surveys, so far in June consumer confidence has improved: “Consumers experienced some relief thanks to the drop in gasoline prices at the beginning of the month,” she said.

Since the Middle East conflict began, gasoline prices have risen 50%, and in some states Americans were paying as much as $6 per gallon at the pump; Currently, according to AAA reports, the cost is $4.07 per gallon.

“Low-income consumers showed a particularly significant increase in confidence, consistent with gasoline accounting for a larger proportion of their budgets,” Hsu said.

Although the high cost of fuel has been one of the main discontents of the American consumer, according to the BLS report, gasoline was not the only thing that has increased in recent months.

The report highlights that the price of food rose 3.1% more than a year ago; housing increased 3.4% compared to last year. Like electricity services, which rose 5.9% more compared to 2025.

On the other hand, the University of Michigan recorded that, for next year, American consumers anticipate inflation of 4.8%. Consumer spending represents approximately 60% of economic activity in the United States, so if distrust continues at high levels, the economy could weaken.