Key Points
MUMBAI : The Reserve Bank of Indias forward-looking surveys indicate a recovery in consumer sentiments and moderation in household inflation expectations..
Consumer confidence for the current period continued its recovery path on the back of respondents' improved assessment of current general economic situation and employment condition," said RBI in its bi-monthly consumer confidence survey..
The confidence on future income conditions is, however, a shade lower vis--vis the previous survey round, following four successive rounds of improvement," it added..
The survey gathers current perceptions compared to a year ago and one-year-ahead expectations of households regarding the general economic situation, employment scenario, overall price situation, individual income, and spending across 19 major cities..
A higher share of respondents foresees a rise in inflation in the near term but, over a one-year horizon, the share of households anticipating higher inflation has moderated as compared to the previous survey round," according to the RBIs bi-monthly household inflation expectations survey..
You might be interested in
Consumer confidence remains on recovery path: RBI survey
06, Apr, 23The current situation index rose by 2.2 points to 87 from 84.8 on account of improved perception on general economic situation, employment, and household income.
Households expect inflation at double digit levels over a one year horizon
08, Dec, 23Median inflation expectation increased for one year horizon by 20 bps (one basis point is 0.01 percent) to 10.1 per cent in November 2023. “ Households expect some rise in price and inflationary pressures across major product groups for the year ahead ” said the findings of the central banks inflation expectation survey. Households expect some rise in price and inflationary pressures across major product groups for the year ahead.
Consumer confidence hits 4-year high in Sep
06, Oct, 23Households optimistic on future earnings, current earnings sentiment remains steady