Consumer Confidence Survey: Inflation Eases, Jobs Worry Rises
Why in the news
A Consumer Confidence Survey showed urban Indians getting some relief from easing inflation, but worried about flat incomes and jobs.
Key facts
| Theme | Finding |
|---|---|
| Inflation | Retail inflation 4.31%; 93% still report price rises, the lowest share since mid 2024; more say prices are unchanged |
| Essentials | 87.6% reported higher spending; under 2% reported lower |
| Non-essentials | Spending broadly flat; people remain cautious |
| Income | 55% saw no income growth, a record for a decade |
| Jobs | Unemployment concern at 42.7%; pessimism building since mid 2024 |
| Outlook | 43% say conditions worsened |
Concerns
- Flat wages and job insecurity outweigh confidence in growth despite low inflation.
- This clouds long-term financial stability and weighs on consumer confidence.
Exam angle
- Inflation figure: 4.31%, a five-month low.
- Share reporting stagnant incomes: 55%.