RBI to start fresh IESH
The Reserve Bank of India (RBI) has launched the 31st Inflation Expectations Survey of Households (IESH) with January-March 2013 as the current reference period.
What is IESH?
Inflation Expectations Survey of Households (IESH) are subjective assessments of around 5,000 households across 16 cities proposed to be covered in the Survey round and are based on households’ individual consumption baskets. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the next three months as well as in the next one year and quantitative responses on current, three-month ahead and one-year ahead inflation rates.
The results will aid RBI as one of the important inputs for the formulation of the monetary policy.