Utah Inflation Hits 4.2% as Consumer Sentiment Slips and Economy Turns Subdued
Updated
Updated · KSL.com · Jun 25
Utah Inflation Hits 4.2% as Consumer Sentiment Slips and Economy Turns Subdued
1 articles · Updated · KSL.com · Jun 25
Summary
Utah’s inflation climbed to 4.2% in May from 3.8% in April, the highest in three years, as state data showed consumer sentiment edging lower and the economic outlook darkening.
Gasoline was a key driver: Utah regular averaged $3.99 a gallon, above the $3.92 U.S. average, with rural counties including Daggett at $4.96 facing the steepest prices.
Consumer sentiment fell just 0.2% in May, but that followed a 13.5% plunge from March to April — Utah’s sharpest monthly drop since 2020 — while U.S. sentiment dropped 10% to a record low.
Utah still outperformed nationally on jobs, with April unemployment at 3.8% versus 4.3% for the U.S. and above 5% in western neighbors including California and Nevada.
Officials said the state remains relatively resilient, but persistent energy costs, sluggish job growth and unrest tied to the Iran war are increasingly aligning Utah with a broader national slowdown.