NEW YORK | Fri 29 april 2011 10: 01 am EDT
NEW YORK (Reuters)-consumer sentiment rose in April as the sharp rise in gasoline prices was seen as temporary, revealed a study released on Friday.
Even so, consumers still expected that some additional price increases in the coming months, the Thomson Reuters/University of Michigan's consumer sentiment survey showed. Complaints about high prices were the most frequent since 2008 and half of all households said their finances had deteriorated.
Small expected wage gets tempered fuel and food more expensive, making real income expectations remain unchanged in April.
The latest reading on the overall index came in at EUR 69.8, 67.5 in March and to her from the first reading of 69.6.
It was about inline with the median forecast of 69.9 among economists surveyed by Reuters.
The survey, the barometer of current economic conditions held steady with the reading of 82.5 March, while the survey indicator of consumer expectations rose to 61.6 of 57.9.
Of the research a year inflation forecast was unchanged at 4.6 per cent, but still the highest level since 2008. The inflation over five-to-10-year immersed to 2.9 percent of 3.2 percent the month before.
Separate data showed earlier Friday rising gasoline and food prices lifted us consumer spending in March and the increase in total inflation from a year ago was the largest in 10 months.
Overseas, European Commission showed economic sentiment in the euro area as a whole fell for the second month in a row in April.
(Reporting by Leah Schnurr, edit by Nomiyama Chizu?)
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