The University of Michigan Consumer confidence Index fell from 72.8 to 71.4, below expectations of 73.1.
Consumers expect inflation to rise to 4.8% next year, the highest level since 2008.
The US consumer confidence index unexpectedly fell to its second-lowest level since 2011 in early October amid rising concerns about the current and future performance of the economy.
Data released on Friday showed that the University of Michigan's consumer confidence index fell to 71.4 from 72.8. The figure was lower than the median expectation of 73.1 economists surveyed by Bloomberg.
Consumers expect inflation to rise to 4.8% next year, the highest level since 2008, according to the report. People think that the purchase conditions are not very favorable, especially cars.
"when asked about the reasons for the unfavourable purchase conditions, the number of times people mentioned net price increases was the highest since 1978-80, when inflation exceeded 10 per cent," Richard Curtin, which is in charge of the investigation, said in a statement.
Economists now expect inflation to average 2.9% in 2022, down from 3.7% in 2021, and both new forecasts exceed their expectations in September, according to Bloomberg's latest monthly survey.
The index of economic status fell to 77.9, the lowest level since April 2020. According to the survey conducted from September 29 to October 13, the indicator for measuring future expectations fell to 67.2.