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August 18, 2022 GMT

U.S. consumer confidence slid again in July higher prices for food, gas and just about everything else continued to weigh on Americans.

The Conference Board said Tuesday that its consumer confidence index fell to 95.7 in July from 98.4 in June, largely due to consumer anxiety over the current economic conditions, particularly four-decade high inflation. It’s the lowest reading since February of 2021.