Household inflation expectations rise to highest level in two years
Household inflation expectations rose to their highest level in more than two years last month as people were battered by steep rises in the cost of living, a survey showed today.
Inflation is expected to remain high for the next three months and the Reserve Bank of India's next move on policy rates depends much on how the situation pans out in the coming three weeks, according to Prime Minister's economic advisory council chairman C Rangarajan.