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Bloomberg
Indian households expect prices to cool in the coming days and the economy to improve, surveys from the central bank found.
Inflation perceptions in November dropped by 40 basis points to 9.8%, according to a Reserve Bank of India survey of 6,066 urban households in 19 major cities. Three-month and one-year ahead expectations declined by 40 and 20 basis points, respectively.
“Lowering of inflation expectations was broad based across respondent categories for both three months and one year horizons,†the RBI said in a statement on its website.