Latest RBI survey shows household inflation expectations eased 80 bps

Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps

The results of the Reserve Bank of India’s July 2022 inflation expectation survey of households showed that their median inflation perception moderated by 80 basis points to 9.3 per cent.

“Their three months and one-year ahead median inflation expectations also declined by 50 bps and 60 bps, respectively, from May 2022 round of survey,” the RBI said on August 5.

The survey was conducted during July 7 to July 14 in 19 major cities and the results are based on responses from 5,935 urban households, the RBI said.

According to the central bank’s survey, median inflation expectations moderated for most