The Reserve Bank launched three key surveys, including inflation expectations, to gather useful inputs for monetary policy decisions.
The Inflation Expectations Survey of Households (IESH) aims at capturing the subjective assessments on the price movements and inflation, based on their individual consumption baskets, across 19 cities.
The Urban Consumer Confidence Survey (UCCS) seeks the qualitative responses from households, regarding their sentiments on the general economic situation, employment scenario, price level, and households' income and spending.
The Rural Consumer Confidence Survey (RCCS) will collect current perceptions and one-year-ahead expectations of households.
It collects data on general economic situation, employment scenario, overall price situation, own income and spending from the households residing in the rural and semi-urban areas across 31 states/ Union Territories.