Consumer sentiment fell to the lowest level in a decade as the economy sees high inflation, supply chain problems, and widespread labor market disruptions.

The University of Michigan Consumer Sentiment Index plunged to 66.8 in early November, from 71.7 in October, according to preliminary numbers released Friday. The drop represents a 6.8% decline from last month and about a 13% dip from a year ago. The number was far below the Dow Jones estimate of 72.5.