RBI's 28th round of inflation study begins

The Reserve Bank has started a three-month survey of households to study the responses on price changes, and the results of which will be used as one of the important inputs for monetary policy formulation. This is 28th round of the 'Inflation Expectations Survey of Households'. The study is for the April-June period.
           
RBI in a statement said it has engaged agency Beaumont Consultancy Services to conduct this round of the survey. "Inflation expectations are subjective assessment of around 4,000 households across 12 cities proposed to be covered in the survey round and are based on households' individual consumption baskets," it said.
           
"The results of this survey are being used by Reserve Bank as one of the important inputs to the monetary policy formulation," RBI said.