Households still expect inflation to be in double-digit over a one-year time horizon

Households’ median inflation perceptions for the current period increased by 90 basis points (bps- one bps is 0.01 percent)) since July 2022 to 10.2 per cent in September 2022, but remained flat compared to the expectations in the survey of the same period a year ago. It rose by 50 bps each for both three months and one year ahead since the July survey to 11 percent and 10 basis points since last September’s survey.

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