Consumer confidence showing gradual improvement, says RBI survey

The survey also covered employment scenarios, overall price situation and own income and spending from 5,387 households across these cities

The consumer confidence has shown gradual improvement for the third successive round of the survey. The current situation index (CSI) increased marginally on the back of better sentiments on general economic situation, household income and spending, according to the Reserve Bank of India (RBI).

RBI said one year ahead outlook, as reflected by the future expectations index (FEI), remained in the optimism zone. The index, however, moderated as the latest survey period coincided with the surge in Covid-19 infection cases in January 2022.

The Reserve Bank released the results of its Consumer Confidence Survey (CCS) for the January 2022 round.