The Iran conflict has modestly chilled California's consumer confidence, leaving it below historical norms and pre-election levels. - California's Consumer Confidence Index fell 1.6% in February–April vs.
prior three months. - The index is 6% below its long-term average and 18% below pre-election optimism.
- Gas prices surged due to oil market disruptions, raising fears of broader inflation. - The 'expectations' index is 14% below average, reflecting a cloudy outlook.
While the 'present situation' index remains 5% above average, overall skittishness could slow consumer spending, a key economic driver.