Indian Households Expect Prices to Cool, Says RBI Survey
- Households see higher inflation in food, housing over one year
- Consumer confidence gains on healthy economy, employment
People shop in the main market area in Gandhidham, India.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Indian households expect prices to cool in the coming days and the economy to improve, surveys from the central bank found.
Inflation perceptions in November dropped by 40 basis points to 9.8%, according to a Reserve Bank of India survey of 6,066 urban households in 19 major cities. Three-month and one-year ahead expectations declined by 40 and 20 basis points, respectively.