RBI launches household inflation expectation survey

NEW DELHI: The Reserve Bank of India on Tuesday launched the 'Inflation Expectation Survey of Households' ( IESH), which will seek responses from households on price changes.

The reference period for the 25th round of Survey would be July-September, 2011, RBI said in a statement.

"The Survey seeks qualitative responses from households on price changes 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 statement added.

Inflation expectations will be assessed from responses of around 4,000 households in 12 cities based on households' consumption baskets.

RBI said Mumbai-based Beaumont Consultancy Services has been engaged to conduct this round of survey on its behalf.