OREANDA-NEWS. February 28, 2012. The Reserve Bank of India has today launched 27th round of Inflation Expectations Survey of  Households. The survey is for the reference period January -March 2012. M/s Beaumont Consultancy Services, Mumbai has been engaged to conduct this round of the Survey on behalf of the Reserve Bank of India. Households will be approached by M/s Beaumont Consultancy Services, Mumbai during the quarter for the purpose.  Selected households are requested to provide their response. In case of any query/clarification, households may  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: 022-26578390, 022-26578332, Fax: 022-26571327, 022-26571555; e-mail.

Background

The Reserve Bank of India has been conducting Inflation Expectations Survey of Households (IESH) on a quarterly basis since September 2005. 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 results of this Survey are used by the Reserve Bank as an important input to monetary policy formulation.  Inflation expectations are subjective assessments of around 4,000 households across 12 cities proposed to be covered in the Survey round and are based on households’ individual consumption baskets.