Utah’s Consumer Attitude Index hit an all-time high from June to July in a survey done for Zions Bank by The Cicero Group. The CAI increased 6.6 points to 104.9 during the period and has improved 19.4 points over the past four months. Randy Shumway is the Chief Executive Officer for Cicero. He says 34 percent of Utahns surveyed believe their income is going to rise over the next twelve months.
The monthly Consumer Attitude Index from Zions Bank increased by 3.7 percent from March to April. The Wasatch Front Consumer Price Index also rose by 0.7 percent. The Cicero Group conducts the research for Zions. Cicero’s CEO Randy Shumway says while the improving attitude index is causing some concerns about inflation, the state is not close to any real problem with that. He says crossing this attitude index milestone puts the state economy on track to be running on all cylinders by the end of the year.