RBI launches fresh round of surveys for monetary policy

The Reserve Bank of India has launched a new round of household surveys to capture inflation expectations and consumer confidence for its monetary policy review in June 2021.

The Reserve Bank on Wednesday announced the launch of the latest round of households surveys to capture inflation expectations and consumer confidence, which provides useful inputs for its monetary policy. The central bank has been regularly conducting these surveys. Announcing the launch of the May 2021 round of Inflation Expectations Survey of Households (IESH), the RBI said it aims at capturing subjective assessments on price movements and inflation of approximately 6,000 households, based on their individual consumption baskets, across 18 cities. "The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one-year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates," it said.