Most Households Perceived Prices And Spending Having Increased During Past One Year Says RBI Consumer Confidence Survey

The Reserve Bank Of India (RBI) released the results of the January 2020 round of its Consumer Confidence Survey. Consumer confidence in January 2020 deteriorated further vis-vis a year ago, with a decline in current situation index; the future expectations index, however, remained in the positive terrain and indicated a marginal improvement in the year ahead over the previous survey round. Current perception on the general economic situation, price levels and household income remained weak when compared with the position a year ago; the one year ahead expectations on employment, however, improved marginally over the previous round. Most households perceived prices and spending having increased during the past one year and expect further rise in expenditure over the next one year; households reported lower spending on non-essential items as compared to one year ago.

Powered by Capital Market - Live News