U.S. consumer sentiment was stronger than expected in August, but fell short of July’s figures, the University of Michigan reported on Friday.

The university’s final reading on consumer sentiment for August was 82.0, above an initial mid-month reading of 78.7, but short of July’s final reading of 84.7.

The survey’s index of current conditions edged up to 103.8 from 103.5 in July, but consumer expectations dropped to 68.0 from 72.5.

Consumers’ expectations for inflation over the next 12 months also rose in August, according to the report.

The university’s August reading on one-year U.S. inflation expectations was 3.8%, up from 3.2% in July.