RBI Launches IESH, RCCS and UCCS Household Surveys
Why in the news
Before its Monetary Policy Committee meeting, the central bank began fresh household polling. The results are meant to inform interest-rate and policy choices.
Key facts
| Survey | Short form | Population covered |
|---|---|---|
| Inflation Expectations Survey of Households | IESH | Households nationwide |
| Rural Consumer Confidence Survey | RCCS | Rural consumers |
| Urban Consumer Confidence Survey | UCCS | Urban consumers |
- Conducted by the Reserve Bank of India, on a nationwide basis.
- Subjects polled: household inflation views, employment, income and spending.
Significance
- Household feedback supports decisions taken by the Monetary Policy Committee.
- Inflation expectations and confidence readings help the central bank read public mood.
Exam angle
- Expand IESH, RCCS and UCCS.
- Conducting authority: RBI.
- Link to the MPC meeting and monetary policy.