In order to undertake field research for the July 2022 cycle of the consumer confidence and inflation anticipation surveys, the Reserve Bank of India (RBI) announced that it had chosen to partner with the Mumbai-based Hansa Research Group. It is now known that M/s Hansa Research Group Pvt.Ltd., Mumbai has been hired to conduct field work for the July 2022 round of the two surveys on behalf of the Reserve Bank of India, the RBI said in a statement. This follows press releases announcing the launch of the consumer confidence survey (CCS) and inflation expectation survey of households (IESH), both dated June 30, 2022.
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KEY POINTS:
- The Inflation Expectations Survey of Households (IESH) has been regularly conducted by the Reserve Bank of India.
- The survey aims to gather subjective opinions from households in 19 cities, including Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi, and Thiruvananthapuram, about price changes and inflation based on their individual consumption baskets.
- The survey asks for qualitative responses from households regarding price changes (general prices as well as prices of particular product groups) in the three-month and one-year futures as well as quantitative responses regarding inflation rates for the present, the next three months, and the next year. The survey’s findings offer helpful information for monetary policy.
- With regard to their opinions on the state of the economy as a whole, the job situation, the price level, and their own household income and spending, households are asked to provide detailed comments in the Consumer Confidence Survey. Regular surveys are done in 19 cities.
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