Tuesday, February 26, 2008

Consumer confidence goes down, oil price goes up

The Conference Board's index of confidence dropped to 75.0 in February from 87.3 in January, lower than what Economists expected. This means us consumers are really on a tough spot. The price of gasoline rose 2.9%. Maybe it is time to prepare to jog to work? Food price climbed 1.7%, which reminded me that I just spent $198.34 for my March groceries.

Time to re-budget!

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