While firms one-year ahead inflation expectations stood at 4.58 percent in the last month of 2023, they think headline retail inflation will be even higher at close to 5 percent.
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A Moneycontrol survey of more than 50 Indian CEOs in January, days ahead of the interim budget, reveals that most business heads expect to be working with the same levels of interest rates and inflation in the first half of 2024
While firms forecast for headline retail inflation one year down the line shot up, their inflation expectations were unchanged at 4.31 percent in August
As per a survey by Indian Institute of Management-Ahmedabad, inflation expectations of firms fell to 3.87 percent in May, the lowest since October 2020