Rise in consumer confidence masks ‘stark reality’ of cost-of-living crisis

GfK’s long-running Consumer Confidence Index increased two points in March, rising to an overall score of minus 36.

GfK found expectations for the general economic situation over the next 12 months have increased (Philip Toscano/PA) (PA Wire)

Consumer confidence climbed slightly in March despite the cost-of-living crisis remaining a “stark reality” for most, according to a survey.

GfK’s long-running Consumer Confidence Index increased two points in March, masking ongoing concerns about personal finances and rising to an overall score of minus 36.

Confidence in personal finances over the next 12 months remains weak, falling three points to minus 21 – three points lower than this time last year.