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The Reserve Bank of India on Monday launched the October to December round of Inflation Expectations Survey of Households to seek responses on price changes in the next three months and one year.
The RBI has been conducting this survey since September 2005. The survey for the October-December 2014 quarterly round is now being launched.
“The survey seeks qualitative responses from households on price changes (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 results of this survey provide useful policy information” RBI said.
Inflation expectations are subjective assessments of around 5,000 households across 16 cities that are covered in the survey round and are based on households’ individual consumption baskets.
Mumbai-based agency M/s Hansa Research Group has been engaged to conduct this round of the survey on behalf of the Reserve Bank of India.
For this purpose, the households will be approached by the agency and the selected households are requested to provide their response. Other individuals that are not approached by the agency can also participate in this survey by providing their responses online.
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