The Reserve Bank of India (RBI) has launched three nationwide surveys to collect critical consumer feedback that will support the formulation of monetary policy ahead of the upcoming Monetary Policy Committee (MPC) meeting scheduled for August 3–5, 2026.
The central bank has commenced the July 2026 round of the Inflation Expectations Survey of Households, which aims to capture households’ perceptions of price movements and inflation based on their individual consumption patterns across 19 cities. The survey gathers both qualitative and quantitative responses on current inflation as well as expectations for the next three months and one year, covering general prices and specific product categories.
RBI has also launched the July 2026 Rural Consumer Confidence Survey, which measures the current perceptions and one-year-ahead expectations of households in rural and semi-urban areas across 31 States and Union Territories. The survey assesses views on the overall economic situation, employment, prices, household income, and spending.
Additionally, the July 2026 Urban Consumer Confidence Survey has been rolled out across 19 cities, including Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Mumbai and Thiruvananthapuram. It seeks qualitative responses on the general economic environment, employment conditions, price levels, household income and expenditure.
According to the RBI, the findings from these surveys provide valuable insights into consumer sentiment and inflation expectations, serving as important inputs for monetary policy decisions. The data will help the central bank assess evolving economic conditions ahead of the next MPC meeting in early August.
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