No respite from price rise: RBI survey

No respite from price rise: RBI survey

Urban households expect inflation to rise further by 40 basis points to 11.9 percent in April-June quarter and by 120 basis points to 12.7 percent during financial year 2011-12 from the perceived current rate of 11.5 percent, the RBI said in the June issue of its monthly bulletin.

This was the 23rd round of the Inflation Expectations Survey conducted by RBI. Over 4,000 urban households participated in the survey.

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