U.S. consumer sentiment unexpectedly falls over high cost of living


By Xia Lin

NEW YORK, Oct. 11 (Xinhua) -- U.S. consumer sentiment unexpectedly fell for the first time in three months as lingering frustration with a high cost of living offset more sanguine views of the job market, surveys found on Friday.

The preliminary October sentiment index declined to 68.9 from 70.1 in September, reported the University of Michigan. The median estimate in a Bloomberg survey of economists called for a reading of 71.

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