Indian Household Inflation Expectations Rise
Indian household inflation expectations have increased following a rise in food and fuel costs, according to a recent Reserve Bank of India survey. The central bank recently raised rates to combat the rising price pressures.
India household inflation expectations climbed to 9.9% for the next three months following persistent food and fuel cost pressures. The survey preceded the central bank's first rate hike in nearly four years. Rising consumer price expectations threaten to drive wage demands and reshape domestic spending patterns.
