RBI launches Inflation Expectations Survey of Householder across 18 Indian cities

Q.  RBI has launched which initiative following  the rise of CPI and WPI based inflation?
- Published on 15 Jun 16

a. Inflation Expectations Survey of Householder
b. Inflation Expectations Survey of Households
c. Inflation Expectation Schedule of Homes
d. None of the above

ANSWER: Inflation Expectations Survey of Householder
 
Following rise of CPI and WWPI based inflation, RBI has launched the June 2016 round of Inflation Expectations Survey of Householders across 18 cities.
  • This includes Ahmedabad, Patna, Chandigarh and Thiruvananthapuram
  • Survey seek qualitative responses from households on price changes within the next three months as well as the next one year
  • Quantitative responses were also sought on current three month ahead and one year ahead inflation rates
  • RBI which factors in inflation while arriving at the monetary decision, said the results of the survey provide useful policy information.
  • "Inflation expectations are subjective assessments of households covered in the survey and are based on households' individual consumption baskets," it said.
  • RBI has been regularly conducting the survey
  • May retail inflation touched 21 months high in May due to rising price of food items.
  • RBI also launched the June 2016 round of Consumer Confidence Index

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