The Thompson Reuters/University of Michigan gauge of consumer confidence climbed to 75.0 in January, the highest levels since February 2011, from 74.0 registered earlier this month and 69.9 at the end of December. Economists suggest the gauge will stay at 74.0 in January.

Economic conditions eased to 84.2 from 82.6 in January, economic outlook advacned to 69.1 from 68.4 throughout the month, the report showed on Friday.

As for inflation expectations, the 1-year ahead expectations picked up slightly to 3.3 percent from 3.2 percent and 5-year ahead expectations nudge down to 2.7 percent from 2.8 percent this month.