That recovery in consumer optimism may be just around the corner, according to a survey by the Reserve Bank of India. While households were downbeat about the current economic conditions, they are hopeful about the year ahead prospects, the RBI said. Data due Thursday will probably show consumer prices rose 5.7% last month, cooling from near 6.3% in June. In this case, it could mean higher prices being passed to consumers gradually as a recovery gets stronger in Asia’s third-largest economy. Others aren’t sure if steep price increases are the right way forward.

Source: Mint August 10, 2021 21:56 UTC