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National News

Jul 01, 2020
8:30AM

RBI launches inflation expectations survey; to gather responses over telephone amid pandemic

Tweeted by @AIR
The Reserve Bank of India has launched the inflation expectations survey of households and responses of the participants will be gathered over telephone in view of the coronavirus pandemic. The RBI has been regularly conducting the survey to elicit subjective views of the households on price movement across various cities of the country. The results of the survey are used as inputs for monetary policy.
 
The July 2020 round of the Inflation Expectations Survey of Households has been launched. As per RBI release, Hansa Research Group, Mumbai has been engaged to conduct the survey of this round on behalf of the RBI over telephone instead of the regular personal interview mode in view of the pandemic. The survey aims at capturing subjective assessments on price movements and inflation, of approximately 6,000 households, based on their individual consumption baskets, across 18 cities.
 
The cities that would be covered are Mumbai, Nagpur, Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey would seek qualitative as well as quantitative responses from households on price changes, general prices as well as prices of specific product groups, for the three months ahead as well as in the one year ahead period.

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