Reserve Bank launches 28th inflation expectations survey

The Reserve Bank launched the 28th round of its annual inflation expectation survey on Friday. The survey will help the central bank with monetary policy formation.

The survey, based on individual consumption patterns, will be conducted across 4000 households spread over 12 cities. Beaumont Consultancy Services from Mumbai will conduct this survey on behalf of the Reserve Bank.

The Survey will seek 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 RBI statement said.

The Central Bank conducts this survey every quarter and for the full year. For April 2012, inflation was 7.23 per cent based on the the wholesale price index (WPI) and 10.4 per cent based on the consumer price index (CPI).

satyanarayan.iyer@thehindu.co.in