The September 2024 round of the RBI's bimonthly consumer confidence surveys

Current Context: The Reserve Bank of India (RBI) released the results of its September 2024 Consumer Confidence Survey on October 9, 2024.

• The survey showed an improvement in consumer confidence, with the Current Situation Index (CSI) rising by 0.8 points to 94.7, though it remained below the threshold level of 100.
• The Future Expectations Index (FEI) also increased by 0.7 points to 121.4, indicating improved household expectations for the year ahead.
• The survey collected responses from households in 19 major cities, highlighting better perceptions about the general economic situation, employment scenario, and personal income.

Question:

1 What was the value of the Current Situation Index (CSI) in the RBI's Consumer Confidence Survey for September 2024?

• A) 100.0
• B) 121.4
• C) 94.7
• D) 92.3

Answer: C) The Current Situation Index (CSI) for September 2024 was 94.7, indicating a slight improvement of 0.8 points from the previous survey.