Households expect higher inflation
Expectations regarding overall prices and inflation over the next 3 months were more aligned with those of food products and services
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A larger share of households in the country expect higher inflation for both three months and one year periods going ahead, according to the Reserve Bank of India’s (RBI) bi-monthly survey on inflation expectations released on Monday. Households expect some rise in price and inflationary pressures across major product groups for the year ahead, states the survey conducted across 19 major cities.
Expectations regarding overall prices and inflation over the next three months were more aligned with those of food products and services; for the year ahead, such alignment is more pronounced with the prospects for food products and housing segments, the survey added.
At the same time the survey states that households’ perception on current inflation declined by 20 basis points (bps) from the previous survey round to 8.2 per cent in November.
