RBI Survey for Price Movements, Inflation Assessment Launched

The Reserve Bank of India has launched the Inflation Expectations Survey of Households (IESH) which will provide useful inputs for monetary policy. In the January 2023 round, the survey will be conducted across 19 cities. It aims to capture subjective assessments of price movements and inflation, based on individual consumption baskets.

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Places Where It Will Be Conducted:

The survey will be conducted in Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram.

Through Which It Will Be Conducted:

The agency — Hansa Research Group, Mumbai — has been engaged to conduct the survey of this round on behalf of the ventral bank.

How The Survey Will Be Conducted:

The selected households will be approached by the agency and they will be requested to provide their response. Other individuals, who are not approached by the agency, can also participate in this survey by providing their responses using the linked survey schedule.

Significance of The Survey:

The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one-year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates.

About The Previous Survey:

The September 2022 round of Inflation Expectations Survey of Households (IESH) aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities.