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Business Standard
29-04-2025
- Business
- Business Standard
RBI launches 3 surveys for inflation, consumer confidence, policy input
The Reserve Bank on Tuesday launched three key surveys, including inflation expectations, to gather useful inputs for monetary policy decisions. The RBI normally holds six bi-monthly monetary policy reviews in a financial year. The last meeting was held earlier this month, and the next meeting of the Monetary Policy Committee is scheduled for June 4-6. The May round of the Inflation Expectations Survey of Households (IESH) aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities. The central bank said the Urban Consumer Confidence Survey (UCCS) seeks qualitative responses from households, regarding their sentiments on the general economic situation, employment scenario, price level, and households' income and spending. This study, too, will be carried out in 19 cities. The Rural Consumer Confidence Survey (RCCS) will collect current perceptions and one-year-ahead expectations of households 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. The Reserve Bank of India has been regularly conducting these surveys. The results of the surveys provide useful inputs for monetary policy, the RBI said.
Economic Times
22-04-2025
- Business
- Economic Times
Rural Consumer Confidence Survey reveals optimism in income and spending for 2025
Synopsis A Reserve Bank of India study indicates that rural Indian households anticipate improved earnings and maintain strong spending sentiment, particularly on essential items. The Rural Consumer Confidence Survey (RCCS) reveals optimism about future income, despite persistent inflation concerns. While inflation perceptions remain elevated, they exhibit a moderating trend, contributing to a positive outlook. Rural households in the country are consistently expecting better earnings over the next year to go with robust spending sentiment, driven by essential spending, a study by RBI officials based on data from the Reserve Bank initiated the Rural Consumer Confidence Survey (RCCS) survey shows. ADVERTISEMENT 'Despite ongoing concerns, households exhibit strong confidence in future income and resilient spending behaviour. Inflation perceptions and expectations remain high but show a moderating trend. The Current Situation Index has steadily recovered, while the Future Expectations Index indicates steady optimism,' authors Sourajyoti Sardar, Manu Swarnkar, Ayan Paul, and Tushar B Das in an article in the April 2025 bulletin. The views expressed in the article are those of the authors and not of the RBI. Since starting in September 2022, covering 42 districts across 19 states, with a target sample size of 6,100, the survey has since expanded to 9000 households from 610 villages across 100 districts, covering all 28 Indian states and three union territories and is conducted on a bi-monthly basis. The survey questionnaire is divided in four blocks ranging from essential demographic details, respondents' views and anticipations on the economy, expectations on household's income and spending and quantitative assessments of inflation perceptions and expectations.'The perceptions about current inflation have shown a declining trend over time, barring brief episodes of heightened concern, driven by elevated food prices. These have also translated to lower inflation expectations, albeit with the rate of decline being slower methodology and results in terms of descriptive statistics based on the RCCS data collected so fa,' the article said. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Time of India
22-04-2025
- Business
- Time of India
Rural Consumer Confidence Survey reveals optimism in income and spending for 2025
Rural households in the country are consistently expecting better earnings over the next year to go with robust spending sentiment, driven by essential spending, a study by RBI officials based on data from the Reserve Bank initiated the Rural Consumer Confidence Survey (RCCS) survey shows. 'Despite ongoing concerns, households exhibit strong confidence in future income and resilient spending behaviour. Inflation perceptions and expectations remain high but show a moderating trend. The Current Situation Index has steadily recovered, while the Future Expectations Index indicates steady optimism,' authors Sourajyoti Sardar, Manu Swarnkar, Ayan Paul, and Tushar B Das in an article in the April 2025 bulletin. The views expressed in the article are those of the authors and not of the RBI. Since starting in September 2022, covering 42 districts across 19 states, with a target sample size of 6,100, the survey has since expanded to 9000 households from 610 villages across 100 districts, covering all 28 Indian states and three union territories and is conducted on a bi-monthly basis. The survey questionnaire is divided in four blocks ranging from essential demographic details, respondents' views and anticipations on the economy, expectations on household's income and spending and quantitative assessments of inflation perceptions and expectations. 'The perceptions about current inflation have shown a declining trend over time, barring brief episodes of heightened concern, driven by elevated food prices. These have also translated to lower inflation expectations, albeit with the rate of decline being slower methodology and results in terms of descriptive statistics based on the RCCS data collected so fa,' the article said.
