- The RBI bi-monthly survey conducted Sept. 10-20 shows Indian households' perception of current inflation rose 60 basis points from the July round.
- Household inflation expectations climbed 70 basis points for the next three months and 60 basis points for the year ahead.
- The survey follows the RBI's first benchmark rate increase in nearly four years, reflecting concerns over price pressures.
Quotes
“Indian households expect inflation to rise sharply over the next three months and one year, reflecting concerns over price pressures that prompted the central bank to increase the benchmark rate for the first time in nearly four years.”
“Households’ perception of current inflation increased by 60 basis points in the survey conducted from Sept. 10 to 20 over the previous round in July, according to a bi-monthly survey by the Reserve Bank of India released Wednesday.”
“The outlook rose by 70 basis points for the next three months, and 60 basis points for the year ahead.”