I had pointed about this new RBI survey which tracks and measures inflation expectations at household level. The last survey was till Mar-10 and now the new survey has been released for Jun-10. It is part of Oct-10 Monthly Bulletin.
So, what does the new survey say? Pretty much the same thing. Inflation expectations are expecetd to rise. Actually the measure of inflation is different from WPI and CPI. It is based on consumption basket of 4,000 households. Hence, in Jun-10 it was at 11.1% and is expected to rise by 30 bps during Jul-Sep 10 to 11.4% (which is over now) and around 80 bps to 11.9% by Jun-10.
Apart from this survey has some interesting points: