According to RBI Survey, Prices have Gone Up
Nov 21, 2019 Real Estate News
The experts have been pointing it out for a while that the country’s economy has been deteriorating in the past few months. The has been proved by the Consumer Confidence Survey conducted by RBI, the result for which was unveiled in October 2019.
The survey had participants from 13 different cities of the country: Delhi, Chennai, Bhopal, Bengaluru, Guwahati, Hyderabad, Jaipur, Ahmedabad, Lucknow, Kolkata, Trivandrum and Mumbai. The idea behind the survey was to gauge the sentiment of Indians regarding the current situation of employment, prices and income cycle in the country. The study revealed that consumer confidence has weakened with the current situation index and future expectation index.
The economic situation in the country:
September 2019, 33.5 percent of participants said that the economic situation has improved. 18.6 percent said that the economic scenarios were the same as before. However, 47.9 percent said that the situation has worsened.
In March 2019, 46.2 percent has said that the situation ahs improved while 32.5 percent said that it has worsened. 53.3 percent said that they are expecting the situation to improve.
Prices:
September 2019, 86.1 percent of participants said that the prices of commodities have increased while 10.3 percent said that the prices are the same. Only 3.3 percent said that the prices have decreased.
It came to the future stance of the prices, 75.9 percent said that they only see prices going up in future as well. 10.3 percent were hopeful that the prices would go down while the remaining 13.8 percent were on the opinion that prices would remain the same.
Income:
Compared to last year, most people are on the opinion that the income has been the same. Only 25 percent of participants have said that the income has increased as compared to 28 percent in September 2018. About 53 percent of participants were hopeful this year that the income will go up while 37.4 percent were on the opinion that the income would remain the same.
Inflation:
September 2018, 80.2 percent participants said that they had noticed inflation in the pricing. This year 74.2 percent said that the prices have inflated. About 19.5 percent said that the pricing had remained the same. About 77.9 percent are in the opinion that the prices will go up next year as well.
Spending:
Inflation has led to a rise in spending, 74.1 percent agreed. While 22 percent are in the opinion that spending has been the same, only 3.9 percent were in the view that spending has decreased.
Is essential to note that 83.9 percent have agreed that spending on crucial items has gone up. 29.9 percent felt that the spending on non- essential things have gone up in September 2019. About 83 percent are on the opinion that the spending will keep going higher in future as well.
The survey had participants from 13 different cities of the country: Delhi, Chennai, Bhopal, Bengaluru, Guwahati, Hyderabad, Jaipur, Ahmedabad, Lucknow, Kolkata, Trivandrum and Mumbai. The idea behind the survey was to gauge the sentiment of Indians regarding the current situation of employment, prices and income cycle in the country. The study revealed that consumer confidence has weakened with the current situation index and future expectation index.
The economic situation in the country:
September 2019, 33.5 percent of participants said that the economic situation has improved. 18.6 percent said that the economic scenarios were the same as before. However, 47.9 percent said that the situation has worsened.
In March 2019, 46.2 percent has said that the situation ahs improved while 32.5 percent said that it has worsened. 53.3 percent said that they are expecting the situation to improve.
Prices:
September 2019, 86.1 percent of participants said that the prices of commodities have increased while 10.3 percent said that the prices are the same. Only 3.3 percent said that the prices have decreased.
It came to the future stance of the prices, 75.9 percent said that they only see prices going up in future as well. 10.3 percent were hopeful that the prices would go down while the remaining 13.8 percent were on the opinion that prices would remain the same.
Income:
Compared to last year, most people are on the opinion that the income has been the same. Only 25 percent of participants have said that the income has increased as compared to 28 percent in September 2018. About 53 percent of participants were hopeful this year that the income will go up while 37.4 percent were on the opinion that the income would remain the same.
Inflation:
September 2018, 80.2 percent participants said that they had noticed inflation in the pricing. This year 74.2 percent said that the prices have inflated. About 19.5 percent said that the pricing had remained the same. About 77.9 percent are in the opinion that the prices will go up next year as well.
Spending:
Inflation has led to a rise in spending, 74.1 percent agreed. While 22 percent are in the opinion that spending has been the same, only 3.9 percent were in the view that spending has decreased.
Is essential to note that 83.9 percent have agreed that spending on crucial items has gone up. 29.9 percent felt that the spending on non- essential things have gone up in September 2019. About 83 percent are on the opinion that the spending will keep going higher in future as well.
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