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Consumer sentiment hit 91.6 in Nov vs. 89.5 estimate

A measure of consumers' attitudes rose to its highest level since June this month.

The Index of Consumer Sentiment hit 91.6 in November, according to University of Michigan on Friday. The index is up from 87.2 in October's final reading.

Economists had expected the index to rise to 89.5, according to a Thomson Reuters consensus estimate.

"The most striking finding in early November was that both near and long-term inflation expectations jumped to 2.7 percent from last month's record matching lows of 2.4 percent," said Richard Curtin, the Surveys of Consumers chief economist, in a press release.

The monthly survey of 500 consumers measures attitudes toward topics like personal finances, inflation, unemployment, government policies and interest rates.