U.S. Consumer Sentiment Soured in August

With prices rising, consumers rated buying conditions less favorably than at any point in nearly a year.

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U.S. consumer sentiment slid in August to its lowest level in nearly a year, as consumers registered concern about rising prices.

The University of Michigan said Friday its preliminary index of consumer sentiment was 95.3 this month, down from July’s final reading of 97.9 and the lowest level since last September.

Economists surveyed by The...