Inflation expectation, consumer confidence rise, says RBI survey

The household inflation expectation and consumer confidence rose in March, according to surveys conducted by the Reserve Bank of India (RBI).

Households’ median inflation perception for the current period remained unchanged at 9.7 per cent in the latest survey round, while the expectations for both three months and one-year ahead rose by 10 basis points each to 10.7 per cent and 10.8 per cent, respectively, compared to January 2022 round.

“For a majority of population and age groups, uncertainty in inflation expectations increased for both three-month and one-year horizons, as compared to the previous survey round,” the RBI said.

Three months ahead of