Mumbai, Apr 12 (PTI) Urban households expect inflationary pressure to sustain through 2011 and feel there may not be any softening of food prices, an RBI survey shows.
While year end 2011 household inflation is expected to be 13.1 per cent, up from the perceived 11.8 per cent in December 2010, daily-wage workers and housewives expected higher inflation rates to continue.
As per the ‘Inflation Expectations Survey of Households : December 2010 (Round 22)’ conducted by the apex bank, the rise will be mainly on account of movement in food prices.
“Households expect inflation to rise further by… 130 basis points during… next year (13.1 per cent) from the perceived current rate of 11.8 per cent,” it said.
While the housewives surveyed said they expect year-end 2011 inflation to be 13.2 per cent, daily wage workers said it would be 13.5 per cent.