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RBI launches household surveys to get inputs for its monetary policy

The cities include, Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, and Thiruvananthapuram

Topics
RBI | Survey | monetary policy

Press Trust of India  |  Mumbai 

RBI

The Reserve Bank of India (RBI) on Friday announced the launch of the next round of household surveys to capture inflation expectations and consumer confidence, which provide useful inputs for its

The central bank has been conducting these surveys regularly.

Announcing the launch of the January 2021 round of the Inflation Expectations of Households (IESH), the said it aims to capture subjective assessments on price movements and inflation from about 6,000 households based on their individual consumption baskets across 18 cities. The cities include, Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, and Thiruvananthapuram.

"The seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three-month ahead as well as one-year ahead periods and quantitative responses on current, three-month ahead and one-year ahead inflation rates," it said.

The Consumer Confidence (CCS) seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households' income and spending.

The survey is conducted regularly across 13 cities -- Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Patna and Thiruvananthapuram. The survey covers about 5,400 respondents across 13 cities.

The said result of the surveys provides useful inputs for The next meeting of the Committee, the rate-setting panel, is scheduled for February 3-5, 2021.

On behalf of the RBI, a Mumbai-based agency will conduct the surveys through face-to-face interviews as well as telephonically, in view of the phase-wise resumption of activities amid the COVID-19 pandemic.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, January 01 2021. 19:46 IST
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