The Consumer Sentiment Index, which comprehensively reflects consumers’ sentiments about the economic situation, has been found to have declined slightly in six months.
According to the ‘August 2023 Consumer Trend Survey Results’ announced by the Bank of Korea today (22nd), the consumer sentiment index in August fell 0.1p compared to the previous month to 103.1.
The Consumer Sentiment Index is a psychological index calculated using six major indices among the Consumer Trends Index (CSI). If it is, it means you are pessimistic.
The BOK said, “The level of the consumer sentiment index has been over 100 for the third month, but the rise has slowed and declined in six months.” “analyzed.
Looking at each item, the CSI for forecasting the price level was 147, up 3p from the previous month.
Despite the slowdown in consumer price inflation, perceived prices of processed food and restaurant services are still at high levels, and the recent rise in international oil and agricultural products prices, as well as factors such as public utility bill hikes in the second half of the year, appear to have increased, the BOK explained.
Perceptions of inflation, which refers to the perception of consumer price inflation over the past year, fell 0.1%p to 4.2%.
The expected inflation rate, which corresponds to consumers’ price expectations for the next year, was 3.3%, the same as the previous month.
The proportion of responses for major items that will affect consumer price inflation over the next year was public utility bills (66.2%), agricultural/livestock/fishery products (41.5%), and petroleum products (34.8%).
Compared to the previous month, the share of petroleum products increased, while the share of utility bills and personal services decreased.
Current economic judgment and future economic outlook were 72 and 80, down 3p and 4p, respectively, from the previous month.
The forecast for the interest rate level is 118, up 6p from the previous month due to the effect of rising market interest rates, such as continued interest rate hikes in major countries and rising lending rates.
The housing price outlook was 107, up 5p from the previous month, reflecting expectations for a housing market recovery, such as an increase in the nationwide housing transaction volume and an upward turn in sales prices.
The outlook for living conditions and outlook for household income, which represent awareness of household financial situations, rose 1p from the previous month to 95 and 100, respectively.
[사진 출처 : 연합뉴스]
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2023-08-21 21:00:00
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