The Business Standard, in its December 12, 2011 article, reports that India : Urban households expect inflation to be 12.9% by Sept.
Extract :
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Urban households expect
inflation to remain high till the first half of next financial year 2012-13,
a survey by the Reserve Bank of India (RBI) has found.
For September 2012,
household inflation is expected to be 12.9%, same as perceived for June 2012,
and daily-wage workers and housewives expected higher inflation rates to
continue, the survey said.
As per the 'Inflation Expectations Survey of
Households: September, 2011 (Round 25)' conducted by the apex bank, the rise
will be mainly on account of movement in food prices.
About 27% of respondents
believe that the Reserve Bank is taking necessary action to control
inflation.
While housewives surveyed
expect inflation to be 13% by September 2012, daily wage workers said it
would be 13.4%.
On the other hand,
financial sector employees and self-employed projected inflation to be 12.3%
and 12.8%, respectively, by the year-end.
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