RBI launches the Dec-2014 round of inflation expectations survey of households

With an aim to seek responses on price changes in the next three months and one year, the Reserve Bank of India (RBI) has launched the December 2014 round of inflation expectations survey of households.
The survey for the October-December 2014 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 RBI said in official notification yesterday.
The results of this survey provide useful policy information, it said.
The apex bank has been conducting Inflation Expectations Survey of Households since September 2005.
Inflation expectations are subjective assessments of around 5,000 households across 16 cities that are 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 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 by providing their responses on the survey form found on the RBI site.