A rising number of Americans are anxious about the state of the US economy — and it's all about inflation. The latest University of Michigan consumer sentiment survey released Friday showed headline sentiment declined to its lowest level in seven months as pessimism over the inflation outlook drove down February's preliminary read and one-year

US consumer sentiment declined in January for the first time in six months on concerns about unemployment and the impact of potential tariffs on inflation.

University of Michigan consumer survey Friday found consumer sentiment fell about 5% on fears inflation will rise to 4.3% under Trump administration tariffs with major U.S. trading partners.