The Reserve Bank of India has launched its 30th round of inflation expectations survey for the October-December quarter.
The survey, which will cover 5,000 households across 16 cities, is based on a household’s individual consumption basket.
The results of the survey will be used by Reserve Bank as one of the important inputs in monetary policy formulation. The survey will seek qualitative responses from households on price changes (general prices as well as prices of specific product groups) for the next three months as well as for the next one year. It will also seek quantitative responses on current, three-month ahead and one-year ahead inflation rates, the central bank said in a statement.
Individuals not covered by the survey can also participate in this survey round by downloading the survey schedule from the RBI Web site.