Mumbai, Aug. 12: Ninety nine per cent of Indian households believe that general prices will rise in the next three months and also the full year, according to a Reserve Bank of India survey. The three months ahead and one-year ahead inflation expectations are up 30 basis points at 12 per cent and 12.8 per cent, respectively, RBI data showed. Respondents of the 28th round of inflation survey believe that prices will be on the uptrend, mainly influenced by movement in food prices. The survey was conducted simultaneously in 12 cities and covered 4,000 urban households.
HBL
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