Index of Consumer Confidence

Households Continue to Feel Inflation’s Squeeze

Higher interest rates have affected consumer sentiment toward major purchases—most responders believed February wasn’t a good month to spend on big-ticket items. But households are also facing rising food prices.

March 8, 2023   •   8-min read

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2.7 points to 71.4

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The Index of Consumer Confidence is based on the Conference Board’s survey of Canadian households. It tracks consumers’ levels of optimism regarding current economic conditions, personal financial positions, short-term employment outlook, and making major purchases—as well as their expectations for the coming six months.

This index is a crucial indicator of near-term sales for companies in the consumer products sector.

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