Households across the country believe the rate of price rise will go up to almost 13 per cent by March 2012, contrary to the RBI contention that inflationary pressures will moderate by the second half of this fiscal. In the RBI’s ‘Inflation Expectations Survey of Households: March 2011’, urban households have said inflation is likely to touch a high of 12.7 per cent within a year.
The Telegraph
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