RBI launches quarterly survey of inflation expectations

The Reserve Bank of India (RBI) today launched the 35th round of the quarterly survey of inflation expectations for the next three months, which seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups).

The survey will seek households' views on inflation levels expected over 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 survey would cover 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 will be using results of the survey as one of the important inputs to the monetary policy formulation.

The survey will assess inflation expectations of around 5,000 households across 16 cities based on households' individual consumption baskets.

RBI has appointed Mumbai-based market research agency Hansa Research Group Pvt Ltd for conducting the current round of the survey.

While the agency will approach select households seeking responses, RBI said, other individuals not approached by the agency can also participate in the survey by downloading the survey schedule from the RBI web site (Forms-Survey).