RBI launches inflation expectations survey of households

GK NEWS NETWORK

New Delhi, Nov 30: The Reserve Bank of India today launched the 30th round of the Inflation Expectations Survey of households with reference period October-December 2012.
 The central bank has been conducting the Survey on a quarterly basis since September 2005.
 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, a central bank handout said.
 Giving details it said the results of the 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 Beaumont Consultancy Services, 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 link.
 The filled in survey schedule may be e-mailed to the central bank.

Lastupdate on : Fri, 30 Nov 2012 21:30:00 Makkah time
Lastupdate on : Fri, 30 Nov 2012 18:30:00 GMT
Lastupdate on : Sat, 1 Dec 2012 00:00:00 IST



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