OREANDA-NEWS. June 02, 2011. The Reserve Bank of India launched 24th round of the Inflation Expectations Survey with April-June 2011 as the current reference period. The Survey 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 Reserve Bank will use results of this Survey as one of the important inputs to the monetary policy formulation, reported the press-centre of RBI.

Inflation expectations are subjective assessments of around 4000 households across 12 cities covered in the Survey round and are based on households’ individual consumption baskets.

The agency M/s Beaumont Consultancy Services, Mumbai has been engaged to conduct this round of the Survey on behalf of the Reserve Bank of India. For this purpose, the agency will approach the households during the quarter

In case of any query/clarification, kindly contact The Director, Division of Household Surveys, Department of Statistics and Information Management, Reserve Bank of India, C-8, 6th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400051; Phone: 022-26578332, 022-26578408; Fax:022-26573611, 022-26571555; e-mail.

The Reserve Bank has been conducting Inflation Expectations Survey of Households (IESH) on a quarterly basis since September 2005.