NEW YORK | Wed Apr 29, 2011 10: 01 am EDT
NEW YORK (Reuters)-Consumer sentiment rose in April, as the sharp increase in gasoline prices was seen as temporary, a survey showed Friday.
Even so, consumers still expect some further increases in the coming months, Thomson Reuters/University of Michigan's consumer sentiment survey. Complaints about the high prices were the most frequent from 2008, and half the households said that their finances deteriorated.
Small expected wage obtains fuel and food prices tempered higher, so the real income expectations of unchanged in April.
The final value of the overall index came in at 69.8, from 67,5 in March and hair from the preliminary reading 69.6.
It was roughly parallel to the median forecast 69.9 among economists polled by Reuters.
Barometer survey of the current economic conditions held with March's reading 82,5, while in the survey of consumer expectations gauge rose to 61 6 from 57.9.
In the survey, the annual inflation expectations haven't changed to 4.6 percent, even though he was still the highest level since 2008. Five to ten years inflation dipped to 2.9 percent from 3.2 percent a month before.
Separate figures showed the growing gasoline earlier Friday and food prices lifted us consumer spending in March, and the rise in headline inflation from the year before was the biggest in 10 months.
Overseas, the European Commission showed economic sentiment in the euro area as a whole fell for the second month in a row in April.
(Reporting Leah schnurr, editing Chizu Nomiyama)
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