RBI surveys households in Bhopal on impact of inflation

INDORE: Faced with high inflation that hit a 14-month high, the RBI has silently conducted a nationwide study to know how inflation had affected average household. Bhopal was among the 16 cities including Mumbai, New Delhi, Kolkata, Chennai, Ahemadabad, Patna and Guwahati where the survey was conducted.
Hansa Research was assigned by the RBI to conduct the survey in Bhopal.Surveyor Pramila Shinde, told TOI, "I have interacted with persons from different section of society to know inflation has affected their life. One thing common was that all respondents were worried about increasing inflation".
An executive of Hansa Research from Indore, Sewak Ram, said, "We have been provided with a questionnaire by the RBI for the door-to-door survey in Bhopal". Also, RBI wants to know impact of existing inflation and how it would affect all in three months from now.
A few of the questions asked by the surveyors were how much your expenditure has gone up? and what is the difference in your foodbill and expenditure?
President, Association of Industries, Mandideep in Bhopal, Sanjay Khandelwal, said, "Industries across the state are already in doldrums and any further hike in key policy rates will not only push inflation further, but also will give a jolt to the industries'.
President of Guild of Industries, Services & Trade, Ashok Badjatya, said, 'Money being pumped into the system in view of the forthcoming elections, has resulted in inflationary pressure. Both, RBI and finance ministry have failed to contain inflation".
When RBI reviews its annual monetary policy on Thursday, the findings of the study may be disclosed.
When contacted by TOI, the RBI spokesperson from Mumbai confirmed about the survey. But, she didn't comment any further.
Highlights of RBI's inflation expectation survey of July-September quarter:
Inflation expectations of households has gone up.
Increase in number respondents expecting 'hike in price.
Age-group wise and city-wise inflation expectations vary.
About 77% of respondents expect double digit inflation rates.
33% of respondents aware of the RBI's action.
Ends. 68% of respondents expect their wages to increase in next 1 year.