RBI Targets Inflation Trajectory: Household Expectations Survey Surges to Capture Consumer Price Sentiment Across 19 Major Indian Cities

RBI Targets Inflation Trajectory: Household Expectations Survey Surges to Capture Consumer Price Sentiment Across 19 Major Indian Cities​

The Reserve Bank of India (RBI) has formally launched the July 2026 round of its crucial Inflation Expectations Survey of Households (IESH). This regular survey is designed to gain deep insight into consumer sentiment regarding price movements and future inflation, providing vital inputs for monetary policy decisions. The IESH helps policymakers gauge how households perceive their consumption basket prices are trending over short and medium terms.

Understanding the Scope of the Inflation Expectations Survey​

The IESH focuses on collecting both qualitative and quantitative data from household consumers across India. Participants are being asked to assess anticipated price changes in general, as well as specific product groups. The survey looks at two key time horizons: the next three months and the subsequent one year ahead period.

This comprehensive assessment aims to measure current inflation rates, alongside projected inflation rates for both the near-term (three months) and long-term (one year). By tracking these subjective assessments, the RBI gains a granular understanding of potential inflationary pressures in various segments. The results are pivotal for shaping forward-looking monetary policy strategy.

Geographical Reach and Survey Methodology​

The current round of the survey covers 19 major metropolitan areas across the country. These cities include Ahmedabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai, Hyderabad, and many others. The extensive geographical coverage ensures a broad cross-section of consumption patterns is captured by the RBI.

To execute this complex data collection, M/s Hansa Research Group Pvt. Ltd., based in Mumbai, has been engaged by the RBI. This agency is responsible for approaching the designated households to obtain the necessary responses. Those selected will provide detailed feedback on their anticipated price movements.

How Households Can Participate in the IESH​

While specific households are being approached directly by M/s Hansa Research Group Pvt. Ltd., not all individuals can participate through this targeted route. The RBI has also opened up opportunities for wider public participation in this important study.

General members of the public are encouraged to participate by completing and submitting their responses using the linked survey schedule. Completed questionnaires can be e-mailed following the provided contact details. This open invitation ensures maximum reach and robust feedback collection for the monetary policy division.