Households’ Inflation Expectations Survey - আরবিআই - Reserve Bank of India
Households’ Inflation Expectations Survey
Today, the Reserve Bank released the results of the September 2020 round of the Inflation Expectations Survey of Households (IESH)1. In view of the Covid-19 pandemic, the survey was conducted through telephonic interviews during August 29 to September 10, 2020 in 18 major cities. The results are based on responses from 5,652 urban households2. Highlights: i. Households’ median inflation expectations remained elevated for both three months and one year ahead periods; their perception of current inflation and expectation for inflation over the next three months were, however, a shade lower than that in the previous round of the survey [Charts 1a and 1b; Table 3]. ii. More households expect general inflation to increase over the three months and one year ahead periods, but the share of respondents expecting higher food inflation over the next quarter declined in comparison with that in July 2020 [Tables 1a and 1b]. ![]() Note: Please see the excel file for time series data.
1 The survey is conducted at bi-monthly intervals by the Reserve Bank of India. It provides directional information on near-term inflationary pressures as expected by the respondents and may reflect their own consumption patterns. Hence, they should be treated as households’ sentiments on inflation. 2 Unit-level data for previous rounds of the survey are available on the Database on Indian Economy (DBIE) portal of the Bank (weblink: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=unitLevelData). |