The University of Michigan's final consumer sentiment index for September fell to 55.1 from August's 58.2, marking a 21.6% year-over-year decline. This level is slightly above the lows seen in April and May of this year. The report highlights that approximately 44% of respondents cited high prices as eroding their personal finances, the highest in the past year. Meanwhile, the one-year inflation expectation slightly decreased to 4.7%, while the long-term inflation expectation rose for the second consecutive month to 3.7%.