Mumbai (ABC Live):The Reserve Bank of India, RBI has been conducting Inflation Expectations Survey of Households (IESH) on a quarterly basis since September 2005. The 34th round of the Survey with October-December 2013 as the current reference period has been launched today. 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 are being used by Reserve Bank as one of the important inputs to the monetary policy formulation.
Inflation expectations are subjective assessments of around 5,000 households across 16 cities proposed to be covered in the Survey round and are based on households’ individual consumption baskets.
The agency M/s Hansa Research Group Pvt. Ltd., Mumbai 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 during the quarter 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 round by downloading the survey schedule from the RBI Website
