Households expect inflation at 10.5%: RBI survey
Indian households expect inflation to be 10.5% in 2016, almost double RBI's retail inflation target of 5% by March 2017, an RBI survey has revealed. Almost 90% of the respondents expected the prices to rise over 2016. RBI, which has been conducting the survey since 2005, covered the expectations of 4,828 urban households' individual consumption basket in 16 cities.