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Household spends expected to grow faster, says RBI
The New Indian Express
|September 21, 2024
HOUSEHOLD consumption is all set to grow faster in the second quarter amid easing retail inflation, and a revival in rural demand, the RBI said on Friday in its Monthly Bulletin for September.
Retail inflation in July and August remained below 4% (3.6% in July and 3.65% in August), even if it showed slight uptick in the latter month.
As per the RBI bulletin, the demand for fast moving consumer goods (FMCG) is also accelerating as companies target older customers with healthy lifestyle products in response to rising longevity and affluence and younger ones with premiumisation.
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