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The Reserve Bank of India today launched the 35th round of the inflation expectations survey for the current quarter.
Inflation expectations are based on subjective assessments of about 5,000 households across 16 cities.
“The survey seeks qualitative responses from households on price changes (they foresee in general prices as well as prices of specific product groups) in the next three months as well as in the next one year and quantitative responses on current, three-month ahead and one-year ahead inflation rates,” the RBI said.
The results of this survey are being used by Reserve Bank as one of the important inputs to the monetary policy formulation.
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