Households’ Inflation Expectations Survey - ਆਰਬੀਆਈ - Reserve Bank of India
Households’ Inflation Expectations Survey
Today, the Reserve Bank released the results of the November 2020 round of the Inflation Expectations Survey of Households (IESH)1. In view of the Covid-19 pandemic, the survey was conducted through field interviews, wherever possible, and telephonic interviews elsewhere, during October 30 to November 10, 2020 in 18 major cities. The results are based on responses from 5,897 urban households2. Highlights: i. Households’ median inflation perception for the current period fell sharply by 100 basis points as compared to the September 2020 round [Charts 1a and 1b; Table 3]. ii. Median inflation expectations for the three months ahead and one year ahead moderated by 30 and 20 basis points, respectively, though they remained at an elevated level. [Charts 1a and 1b; Table 3]. iii. More households expect general prices to rise in the next three months and one year ahead periods but the share of respondents expecting higher prices for non-food products came down marginally [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). |