RBI launches household inflation expectation survey
The Reserve Bank of India today launched the 'Inflation Expectation Survey of Households' (IESH), which will seek responses from households on price changes.business Updated: Aug 31, 2011 01:16 IST
The Reserve Bank of India on Tuesday launched the 'Inflation Expectation Survey of Households' (IESH), which will seek responses from households on price changes.
The reference period for the 25th round of Survey would be July-September, 2011, RBI said in a statement.
"The Survey seeks qualitative responses from households on price changes 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 statement added.
Inflation expectations will be assessed from responses of around 4,000 households in 12 cities based on households' consumption baskets.
RBI said Mumbai-based Beaumont Consultancy Services has been engaged to conduct this round of survey on its behalf.