Question
Consider the following statements regarding Reserve Bank
of India's bi-monthly Inflation Expectations Survey of Households (IESH) - I.The Reserve Bank of India's bi-monthly Inflation Expectations Survey of Households (IESH) showed that inflation expectations of households declined by 90 bps for three months to reach 9.5 per cent. II.The households' perception of current inflation moderated by 50 basis points (bps) since the July 2023 round of the survey to 8.4 per cent in September 2023. III.The survey was conducted during September 2-11, 2023, in 19 major cities, with responses from 6,066 urban households. Which of the following statements is/are true ?Solution
The Reserve Bank of India's bi-monthly Inflation Expectations Survey of Households (IESH) showed that inflation expectations of households declined by 90 bps for three months to reach 9.1 per cent. They declined by 40 bps for one year ahead to reach 9.9 per cent. The households' perception of current inflation moderated by 50 basis points (bps) since the July 2023 round of the survey to 8.4 per cent in September 2023. The survey was conducted during September 2-11, 2023, in 19 major cities, with responses from 6,066 urban households. Female respondents accounted for 50.4 per cent of this sample.
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