Reserve Bank released the results of the November 2019 round of the Inflation Expectations Survey of Households (IESH). The survey was conducted in 18 major cities and the results are based on responses from 5,805 urban households. According to the survey, the households' inflation perceptions and expectations increased sharply in the November 2019 round on top of the pick-up in the previous round. Three months ahead and one year ahead median inflation expectations increased by 120 basis points and 180 basis points, respectively. More households expect higher inflation across all product groups over both three months ahead and one year ahead horizons vis-vis the previous round of the survey.
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