'Inflation Expectations Survey of Households' and 'Consumer Confidence Survey'

About 'Inflation Expectations Survey of Households' and 'Consumer Confidence Survey':

• They are launched by the Reserve Bank of India (RBI). They will provide useful inputs for the bi-monthly monetary policy.
• Inflation Expectations Survey of Households:
  • It aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets.
  • This survey spans 19 cities, including Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, and Thiruvananthapuram.
  • It seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one-year ahead period.
  • Additionally, it will collect quantitative data on current, three-month ahead, and one-year ahead inflation rates.
• Consumer Confidence Survey:
  • It aims to gather qualitative responses from households regarding their views on the general economic situation, employment scenario, price levels, household income, and spending.
  • This survey will also be conducted in 19 cities, including Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, and Delhi.