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Axios
Axios
Business

Rising prices have consumers around the world feeling gloomy about the economy

OECD Inflation IPSOS
Data: OECD; Chart: Thomas Oide/Axios

Americans aren't the only ones unhappy with how things are going. Consumer sentiment around the globe hasn't been this bad since 2009, when the world was mired in a historic recession.

Why it matters: Rising prices are pressuring household budgets and pushing down consumer confidence in a slew of nations, a sign that households may tighten their belts and spending will dry up.

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