Households Expect Inflation to Remain Elevated Over Next One Year: Survey

Households expect inflation to remain elevated over the next one year, as per a survey by the Reserve Bank of India (RBI).

The 'Inflation Expectations Survey of Households', however, noted that the respondents' perception of current inflation and expectation for inflation over the next three months were, however, a shade lower than that in the previous round of the survey.

Follow NewsGram on Facebook to stay updated.

"Households' median inflation expectations remained elevated for both three months and one year ahead periods," it said.

More households expect general infllation to increase over the three months and one year ahead periods, but the share of respondents expecting higher food inflation over the next quarter declined in comparison with that in July 2020, the survey showed.

Also Read: Palak Muchhal Talks About Life Amid Pandemic

Around 81.6 per cent respondents felt that prices will increase over the next three months and 84.8 per cent households said that prices would continue to increase over the next one year. (IANS)