U.S. consumer sentiment at three-month high in early Aug

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http://www.reuters.com/article/2012/08/17/usa-economy-idUSL2E8JGHDE20120817

* Consumer confidence rises to 3-month high in early Aug

* Leading economic indicators gain in July

By Leah Schnurr

NEW YORK, Aug 17 (Reuters) - U.S. consumer sentiment improved in early August to the highest in three months as sales at retailers and low mortgage rates spurred Americans to boost their buying plans, a survey showed on Friday.

But concerns about rising food prices caused a jump in both short- and long-term inflation expectations, according to the Thomson Reuters/University of Michigan consumer sentiment survey.

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Somebody has got some money. This can't all be 1%ers.