Households see rise in inflation in near- and medium-term: RBI survey

Meanwhile, consumer confidence continued to improve from the historic low recorded in July 2021, another survey released by the RBI said

Households expect inflation to rise in the near- and medium-term, according to an RBI survey.  

The median inflation perceptions increased by 20 basis points, reaching 10.4 per cent in November 2021, while three months and one year ahead median inflation expectations increased by 150 and 170 basis points, respectively, from the previous survey round, the RBI said.

Meanwhile, consumer confidence continued to improve from the historic low recorded in July 2021 “though the assessment for the current period remained in pessimistic terrain", another survey released by the RBI said.

"The perception for general economic situation, employment scenario and household income displayed signs of