Divergent consumer sentiments

The Index of Consumer Sentiments shrunk by 0.9% in December 2022 after having declined by 1.7% in November

Consumer sentiments have soured a bit in recent times. And, the gap between sentiments of the rich and the poor has widened in significant ways.

The Index of Consumer Sentiments (ICS) shrunk by 0.9 per cent in December 2022 after having declined by 1.7 per cent in November. The ICS has therefore shed 2.6 per cent after its festive season peak in October 2022. 

Regular observers of consumer sentiment indices may note that the November ICS has been revised from a fall of 0.2 per cent estimated earlier to a much steeper fall of 1.7 per cent. Also, the October