The Conference Board released a report on Tuesday showing a moderate deterioration in U.S. consumer confidence in the month of October.
The report said the consumer confidence index slipped to 102.6 in October from an upwardly revised 104.3 in September.
Economists had expected the consumer confidence to decrease to 100.0 from the 103.0 originally reported for the previous month.
"Write-in responses showed that consumers continued to be preoccupied with rising prices in general, and for grocery and gasoline prices in particular," said Dana Peterson, Chief Economist at The Conference Board.
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