Today, the Reserve Bank released the results of the December 2018 round of the Inflation Expectations Survey of Households (IESH)1 2. The survey was conducted in 18 cities and the results are based on responses from 5,828 urban households. Highlights: i. The proportion of respondents expecting general prices to rise in the next three months and one year ahead horizons fell sharply in relation to the November 2018 round with a similar pattern observed in respect of most of the product groups, and especially for food and non-food products (Table 1a and 1b). ii. Respondents also moderated their expectations with respect to the rate of future price changes. (Table 1a and 1b). iii. In quantitative terms, three months ahead and one year ahead median inflation expectations dropped by 80 and 130 basis points (bps), respectively, from their readings in the November 2018 round (Chart 1, Table 2). iv. The decline in quantitative expectations was observed across various groups of the respondents (Table 2). Note: Please see the excel file for time series data. Table 1(a): Product-wise Expectations of Prices for Three Months ahead | (Percentage of Respondents) | Round | Dec-17 | Jun-18 | Sep-18 | Nov-18 | Dec-18 | Options: General | Estimate | SE | Estimate | SE | Estimate | SE | Prices will increase | 80.6 | 83.8 | 80.4 | 0.92 | 77.9 | 0.91 | 72.9 | 1.04 | Price increase more than current rate | 49.8 | 50.1 | 49.1 | 1.15 | 47.4 | 1.12 | 46.2 | 1.14 | Price increase similar to current rate | 24.6 | 26.4 | 27.6 | 1.00 | 25.6 | 1.00 | 23.3 | 0.96 | Price increase less than current rate | 6.2 | 7.3 | 3.7 | 0.38 | 4.9 | 0.59 | 3.4 | 0.39 | No change in prices | 17.4 | 14.6 | 17.4 | 0.88 | 19.2 | 0.87 | 21.2 | 0.98 | Decline in prices | 2.0 | 1.6 | 2.2 | 0.31 | 2.9 | 0.33 | 5.8 | 0.46 | Options: Food Product | | | | | | | | | Prices will increase | 78.1 | 81.4 | 79.5 | 0.89 | 77.2 | 0.89 | 70.7 | 0.98 | Price increase more than current rate | 45.8 | 47.8 | 48.9 | 1.12 | 46.4 | 1.03 | 42.7 | 1.08 | Price increase similar to current rate | 23.4 | 24.8 | 24.5 | 0.91 | 23.6 | 0.91 | 22.4 | 0.87 | Price increase less than current rate | 8.9 | 8.7 | 6.1 | 0.48 | 7.3 | 0.63 | 5.7 | 0.48 | No change in prices | 15.5 | 13.3 | 15.5 | 0.82 | 16.9 | 0.81 | 17.2 | 0.79 | Decline in prices | 6.4 | 5.3 | 4.9 | 0.40 | 5.9 | 0.46 | 12.0 | 0.65 | Options: Non-Food Product | | | | | | | | | Prices will increase | 73.3 | 78.2 | 78.9 | 0.87 | 75.8 | 0.90 | 67.6 | 1.00 | Price increase more than current rate | 41.2 | 44.5 | 47.5 | 1.11 | 45.2 | 1.07 | 40.8 | 1.08 | Price increase similar to current rate | 23.3 | 24.4 | 25.3 | 0.91 | 24.1 | 0.94 | 21.6 | 0.89 | Price increase less than current rate | 8.8 | 9.3 | 6.1 | 0.48 | 6.5 | 0.61 | 5.3 | 0.47 | No change in prices | 21.9 | 17.7 | 17.1 | 0.81 | 18.5 | 0.79 | 20.5 | 0.85 | Decline in prices | 4.8 | 4.1 | 4.0 | 0.38 | 5.8 | 0.48 | 11.9 | 0.63 | Options: Household Durables | | | | | | | | | Prices will increase | 60.0 | 58.7 | 56.6 | 1.05 | 57.9 | 1.06 | 56.8 | 1.08 | Price increase more than current rate | 35.0 | 32.6 | 32.4 | 1.05 | 33.8 | 1.03 | 34.8 | 1.08 | Price increase similar to current rate | 18.6 | 19.1 | 19.5 | 0.80 | 18.9 | 0.80 | 17.9 | 0.85 | Price increase less than current rate | 6.4 | 7.1 | 4.7 | 0.41 | 5.2 | 0.50 | 4.1 | 0.39 | No change in prices | 28.8 | 30.9 | 30.8 | 0.98 | 29.7 | 0.98 | 24.8 | 0.91 | Decline in prices | 11.3 | 10.4 | 12.5 | 0.66 | 12.4 | 0.66 | 18.4 | 0.77 | Options: Housing Prices | | | | | | | | | Prices will increase | 69.5 | 71.6 | 67.1 | 0.92 | 68.7 | 0.96 | 69.1 | 1.03 | Price increase more than current rate | 45.9 | 45.3 | 45.2 | 1.02 | 44.5 | 1.05 | 46.5 | 1.06 | Price increase similar to current rate | 18.0 | 19.9 | 17.9 | 0.78 | 19.0 | 0.83 | 18.2 | 0.79 | Price increase less than current rate | 5.6 | 6.4 | 4.0 | 0.40 | 5.2 | 0.51 | 4.5 | 0.41 | No change in prices | 21.0 | 20.7 | 24.1 | 0.87 | 23.7 | 0.88 | 22.2 | 0.94 | Decline in prices | 9.5 | 7.7 | 8.8 | 0.59 | 7.6 | 0.54 | 8.6 | 0.57 | Options: Cost of Services | | | | | | | | | Prices will increase | 71.5 | 70.8 | 67.7 | 1.04 | 68.2 | 0.99 | 65.7 | 1.10 | Price increase more than current rate | 41.4 | 40.8 | 41.8 | 1.15 | 40.4 | 1.06 | 40.2 | 1.11 | Price increase similar to current rate | 23.2 | 22.8 | 21.0 | 0.89 | 22.4 | 0.86 | 21.2 | 0.82 | Price increase less than current rate | 6.8 | 7.3 | 5.0 | 0.43 | 5.3 | 0.48 | 4.3 | 0.41 | No change in prices | 25.6 | 26.5 | 29.6 | 1.01 | 28.8 | 0.97 | 28.2 | 1.02 | Decline in prices | 3.0 | 2.6 | 2.7 | 0.33 | 3.0 | 0.35 | 6.1 | 0.45 | 1. The table provides estimates and standard errors for qualitative responses for the September, November and December 2018 rounds. For earlier rounds, the results are based on sample proportions. 2. Constituent items may not add up to the corresponding total, due to rounding off. | Table 1(b): Product-wise Expectations of Prices for One Year ahead | (Percentage of Respondents) | Round | Dec-17 | Jun-18 | Sep-18 | Nov-18 | Dec-18 | Options: General | Estimate | SE | Estimate | SE | Estimate | SE | Prices will increase | 92.7 | 91.6 | 88.3 | 0.77 | 89.7 | 0.65 | 83.8 | 0.82 | Price increase more than current rate | 63.0 | 59.8 | 59.7 | 1.15 | 60.0 | 1.11 | 57.5 | 1.15 | Price increase similar to current rate | 23.9 | 25.8 | 25.3 | 0.97 | 26.4 | 0.97 | 23.3 | 1.00 | Price increase less than current rate | 5.8 | 6.0 | 3.3 | 0.35 | 3.4 | 0.43 | 3.0 | 0.37 | No change in prices | 5.3 | 6.5 | 9.1 | 0.69 | 7.6 | 0.57 | 11.3 | 0.73 | Decline in prices | 2.0 | 1.9 | 2.6 | 0.32 | 2.7 | 0.33 | 4.9 | 0.43 | Options: Food Product | | | | | | | | | Prices will increase | 85.0 | 85.1 | 84.8 | 0.78 | 85.4 | 0.73 | 80.0 | 0.82 | Price increase more than current rate | 52.1 | 51.4 | 52.5 | 1.16 | 52.3 | 1.14 | 50.6 | 1.08 | Price increase similar to current rate | 24.9 | 26.5 | 27.0 | 0.96 | 27.5 | 0.96 | 24.7 | 0.93 | Price increase less than current rate | 8.1 | 7.1 | 5.3 | 0.45 | 5.7 | 0.51 | 4.7 | 0.43 | No change in prices | 10.4 | 9.7 | 9.7 | 0.64 | 9.4 | 0.60 | 12.1 | 0.68 | Decline in prices | 4.6 | 5.3 | 5.5 | 0.45 | 5.2 | 0.45 | 7.9 | 0.52 | Options: Non-Food Product | | | | | | | | | Prices will increase | 80.5 | 83.3 | 82.3 | 0.79 | 82.4 | 0.78 | 76.4 | 0.92 | Price increase more than current rate | 48.8 | 49.1 | 51.0 | 1.18 | 51.6 | 1.10 | 47.5 | 1.09 | Price increase similar to current rate | 23.7 | 26.6 | 26.1 | 0.91 | 25.2 | 0.90 | 24.2 | 0.92 | Price increase less than current rate | 7.9 | 7.6 | 5.2 | 0.44 | 5.6 | 0.50 | 4.7 | 0.43 | No change in prices | 15.4 | 12.7 | 13.1 | 0.70 | 12.7 | 0.68 | 15.8 | 0.78 | Decline in prices | 4.2 | 4.0 | 4.6 | 0.40 | 4.9 | 0.43 | 7.7 | 0.54 | Options: Household Durables | | | | | | | | | Prices will increase | 68.8 | 70.6 | 67.5 | 0.97 | 70.1 | 0.98 | 66.9 | 1.02 | Price increase more than current rate | 42.3 | 41.6 | 40.7 | 1.10 | 43.0 | 1.10 | 42.0 | 1.09 | Price increase similar to current rate | 19.8 | 21.8 | 22.0 | 0.83 | 22.0 | 0.88 | 20.4 | 0.84 | Price increase less than current rate | 6.7 | 7.2 | 4.8 | 0.42 | 5.1 | 0.47 | 4.5 | 0.40 | No change in prices | 21.7 | 21.2 | 22.6 | 0.84 | 20.4 | 0.85 | 20.1 | 0.91 | Decline in prices | 9.5 | 8.2 | 10.0 | 0.58 | 9.6 | 0.61 | 13.0 | 0.69 | Options: Housing Prices | | | | | | | | | Prices will increase | 78.4 | 81.0 | 77.9 | 0.89 | 80.6 | 0.79 | 79.6 | 0.85 | Price increase more than current rate | 53.3 | 53.0 | 52.9 | 1.08 | 53.8 | 1.04 | 55.9 | 1.00 | Price increase similar to current rate | 19.2 | 21.5 | 21.0 | 0.87 | 22.5 | 0.91 | 19.8 | 0.78 | Price increase less than current rate | 5.9 | 6.5 | 4.0 | 0.38 | 4.3 | 0.44 | 3.9 | 0.39 | No change in prices | 14.0 | 13.3 | 15.1 | 0.74 | 13.3 | 0.68 | 13.7 | 0.74 | Decline in prices | 7.7 | 5.7 | 7.0 | 0.52 | 6.1 | 0.50 | 6.7 | 0.50 | Options: Cost of Services | | | | | | | | | Prices will increase | 82.8 | 84.1 | 82.0 | 0.81 | 83.3 | 0.75 | 77.9 | 0.88 | Price increase more than current rate | 50.5 | 49.5 | 49.7 | 1.18 | 52.2 | 1.11 | 49.0 | 1.11 | Price increase similar to current rate | 24.3 | 26.6 | 27.3 | 0.96 | 25.7 | 0.92 | 24.1 | 0.90 | Price increase less than current rate | 8.0 | 8.0 | 5.0 | 0.44 | 5.4 | 0.48 | 4.8 | 0.44 | No change in prices | 14.2 | 13.7 | 15.6 | 0.76 | 13.5 | 0.68 | 17.1 | 0.82 | Decline in prices | 3.0 | 2.2 | 2.4 | 0.29 | 3.1 | 0.34 | 5.0 | 0.44 | 3. The table provides estimates and standard errors for qualitative responses for the September, November and December 2018 rounds. For earlier rounds, the results are based on sample proportions. 4. Constituent items may not add up to the corresponding total, due to rounding off. |
Table 2: Inflation Expectations of Various Groups: December 2018 | | Current | Three months ahead | One year ahead | Mean | Median | Mean | Median | Mean | Median | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Overall | 8.3 | 0.11 | 7.1 | 0.18 | 9.1 | 0.11 | 8.2 | 0.15 | 8.6 | 0.13 | 8.5 | 0.17 | Gender-wise | | | | | | | | | | | | | Male | 8.4 | 0.14 | 7.1 | 0.20 | 9.1 | 0.14 | 8.1 | 0.21 | 8.6 | 0.17 | 8.2 | 0.22 | Female | 8.5 | 0.14 | 7.4 | 0.25 | 9.3 | 0.14 | 8.6 | 0.19 | 9.0 | 0.18 | 9.2 | 0.31 | Category-wise | | | | | | | | | | | | | Financial Sector Employees | 8.1 | 0.54 | 7.2 | 0.73 | 9.0 | 0.62 | 8.1 | 0.79 | 7.8 | 0.67 | 7.6 | 0.73 | Other Employees | 8.2 | 0.19 | 6.9 | 0.25 | 8.9 | 0.20 | 7.8 | 0.24 | 8.5 | 0.23 | 8.1 | 0.27 | Self Employed | 8.7 | 0.21 | 7.6 | 0.30 | 9.2 | 0.21 | 8.5 | 0.31 | 8.4 | 0.26 | 8.3 | 0.31 | Homemaker | 8.4 | 0.16 | 7.3 | 0.26 | 9.2 | 0.16 | 8.6 | 0.21 | 8.9 | 0.22 | 9.1 | 0.34 | Retired Persons | 8.9 | 0.36 | 7.8 | 0.43 | 9.6 | 0.41 | 8.9 | 0.52 | 9.0 | 0.43 | 9.0 | 0.57 | Daily Workers | 8.6 | 0.22 | 7.2 | 0.45 | 9.5 | 0.23 | 8.7 | 0.32 | 9.1 | 0.28 | 9.4 | 0.50 | Other category | 8.0 | 0.22 | 6.9 | 0.28 | 8.7 | 0.23 | 7.8 | 0.26 | 8.7 | 0.27 | 8.3 | 0.32 | Age Group-wise | | | | | | | | | | | | | Up to 25 years | 7.8 | 0.19 | 6.5 | 0.26 | 8.5 | 0.19 | 7.7 | 0.22 | 8.5 | 0.23 | 8.3 | 0.22 | 25 to 30 years | 8.2 | 0.18 | 6.9 | 0.28 | 9.1 | 0.19 | 8.4 | 0.27 | 8.8 | 0.23 | 8.8 | 0.34 | 30 to 35 years | 8.4 | 0.20 | 7.0 | 0.29 | 9.1 | 0.21 | 8.0 | 0.24 | 8.9 | 0.25 | 8.8 | 0.39 | 35 to 40 years | 8.5 | 0.21 | 7.1 | 0.32 | 9.3 | 0.21 | 8.4 | 0.32 | 8.9 | 0.25 | 8.7 | 0.47 | 40 to 45 years | 9.0 | 0.25 | 7.8 | 0.44 | 9.6 | 0.26 | 8.9 | 0.42 | 8.8 | 0.31 | 8.8 | 0.45 | 45 to 50 years | 8.6 | 0.25 | 7.5 | 0.41 | 9.2 | 0.24 | 8.7 | 0.31 | 8.5 | 0.30 | 8.7 | 0.45 | 50 to 55 years | 9.2 | 0.31 | 8.3 | 0.58 | 9.9 | 0.32 | 9.1 | 0.54 | 8.9 | 0.39 | 9.2 | 0.60 | 55 to 60 years | 8.7 | 0.35 | 7.1 | 0.56 | 9.5 | 0.37 | 8.5 | 0.42 | 8.7 | 0.40 | 8.4 | 0.65 | 60 years and above | 9.0 | 0.29 | 8.0 | 0.37 | 9.7 | 0.28 | 9.1 | 0.49 | 9.0 | 0.36 | 9.0 | 0.56 | City-wise | | | | | | | | | | | | | Ahmedabad | 8.6 | 0.39 | 7.9 | 0.61 | 9.9 | 0.35 | 9.0 | 0.64 | 9.2 | 0.35 | 8.7 | 0.38 | Bengaluru | 6.0 | 0.31 | 5.3 | 0.12 | 7.6 | 0.32 | 7.1 | 0.48 | 8.5 | 0.35 | 8.4 | 0.63 | Bhopal | 7.8 | 0.66 | 6.1 | 0.59 | 8.0 | 0.63 | 6.9 | 0.85 | 6.5 | 0.61 | 5.5 | 1.26 | Bhubaneswar | 6.1 | 0.50 | 5.3 | 0.26 | 7.0 | 0.58 | 6.2 | 0.59 | 7.2 | 1.25 | 7.1 | 0.89 | Chennai | 9.0 | 0.36 | 8.7 | 0.68 | 10.1 | 0.39 | 9.9 | 0.61 | 11.4 | 0.43 | 11.0 | 0.70 | Delhi | 9.2 | 0.27 | 8.9 | 0.64 | 9.6 | 0.28 | 9.4 | 0.59 | 8.4 | 0.34 | 8.3 | 0.57 | Guwahati | 5.8 | 0.36 | 5.5 | 0.22 | 5.9 | 0.45 | 5.7 | 0.34 | 4.6 | 0.55 | 4.5 | 1.07 | Hyderabad | 9.1 | 0.54 | 7.2 | 0.92 | 9.9 | 0.53 | 8.7 | 1.05 | 9.8 | 0.56 | 9.6 | 1.16 | Jaipur | 6.4 | 0.28 | 5.9 | 0.20 | 6.4 | 0.28 | 6.0 | 0.22 | 4.2 | 0.34 | 3.6 | 1.68 | Kolkata | 9.5 | 0.37 | 8.4 | 0.82 | 10.2 | 0.38 | 9.3 | 0.78 | 10.4 | 0.42 | 10.1 | 0.52 | Lucknow | 8.8 | 0.46 | 8.4 | 0.49 | 9.6 | 0.46 | 9.4 | 0.56 | 9.7 | 0.69 | 10.5 | 0.47 | Mumbai | 8.5 | 0.26 | 7.6 | 0.37 | 9.1 | 0.26 | 8.4 | 0.39 | 8.0 | 0.30 | 8.0 | 0.42 | Nagpur | 7.7 | 0.48 | 6.3 | 0.65 | 8.1 | 0.50 | 7.0 | 0.76 | 6.6 | 0.68 | 6.2 | 0.90 | Patna | 7.3 | 0.38 | 6.8 | 0.62 | 7.7 | 0.40 | 7.5 | 0.50 | 7.0 | 0.47 | 6.8 | 0.69 | Thiruvananthapuram | 5.6 | 0.38 | 5.0 | 0.44 | 6.7 | 0.45 | 5.8 | 0.61 | 7.5 | 0.70 | 6.8 | 1.17 | Chandigarh | 8.7 | 1.02 | 8.5 | 1.36 | 7.8 | 0.63 | 7.5 | 1.12 | 7.8 | 0.86 | 7.7 | 1.07 | Ranchi | 10.1 | 0.63 | 9.4 | 0.74 | 10.7 | 0.51 | 10.6 | 0.49 | 10.5 | 0.69 | 11.6 | 1.29 | Raipur | 7.3 | 0.74 | 5.8 | 0.45 | 7.0 | 0.90 | 5.8 | 0.64 | 4.7 | 1.39 | 2.0 | 1.73 | Note: The table provides estimates and standard errors for quantitative responses for the December 2018 round. |
Table 3: Households Expecting General Price Movements in Coherence with Movements in Price Expectations of Various Product Groups: Three Months Ahead and One Year Ahead | (Percentage of Respondents) | Survey period ended | Food | Non-Food | Households durables | Housing | Cost of services | Three Months Ahead | Dec-17 | 64.9 | 64.1 | 55.5 | 58.4 | 63.8 | Jun-18 | 65.6 | 64.7 | 53.8 | 60.0 | 63.7 | Sep-18 | 64.4 | 65.3 | 52.8 | 58.6 | 64.3 | Nov-18 | 65.6 | 66.8 | 56.5 | 61.4 | 66.2 | Dec-18 | 62.9 | 64.0 | 55.3 | 62.4 | 64.3 | One Year Ahead | Dec-17 | 70.1 | 69.0 | 58.8 | 65.1 | 70.5 | Jun-18 | 71.9 | 71.4 | 60.9 | 67.4 | 71.9 | Sep-18 | 72.2 | 71.5 | 60.0 | 66.5 | 71.4 | Nov-18 | 73.5 | 72.3 | 62.7 | 67.7 | 73.2 | Dec-18 | 72.5 | 71.7 | 62.5 | 70.3 | 72.9 | Note: Figures are based on sample observations |
Table 4(a): Cross-tabulation of Number of Respondents by Current Inflation Perception and Three Months Ahead Inflation Expectations: December 2018 | Three Months Ahead Inflation Rate (per cent) | Current Inflation Rate (per cent) | | <1 | 1-<2 | 2-<3 | 3-<4 | 4-<5 | 5-<6 | 6-<7 | 7-<8 | 8-<9 | 9-<10 | 10-<11 | 11-<12 | 12-<13 | 13-<14 | 14-<15 | 15-<16 | >=16 | No idea | Total | <1 | 33 | 0 | 2 | 1 | 1 | 3 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 42 | 1-<2 | 5 | 35 | 16 | 5 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 | 2-<3 | 4 | 14 | 105 | 50 | 26 | 15 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 219 | 3-<4 | 1 | 5 | 18 | 166 | 82 | 78 | 12 | 5 | 3 | 0 | 3 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 374 | 4-<5 | 2 | 0 | 9 | 26 | 212 | 86 | 77 | 25 | 13 | 1 | 5 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 457 | 5-<6 | 2 | 1 | 10 | 44 | 46 | 587 | 177 | 208 | 114 | 20 | 114 | 1 | 1 | 1 | 0 | 7 | 2 | 4 | 1339 | 6-<7 | 0 | 0 | 1 | 3 | 11 | 19 | 201 | 114 | 63 | 9 | 16 | 1 | 2 | 1 | 0 | 0 | 1 | 0 | 442 | 7-<8 | 0 | 0 | 1 | 4 | 3 | 18 | 15 | 180 | 83 | 55 | 33 | 6 | 4 | 2 | 1 | 1 | 0 | 0 | 406 | 8-<9 | 0 | 0 | 1 | 3 | 3 | 4 | 7 | 6 | 153 | 58 | 90 | 5 | 11 | 1 | 0 | 1 | 2 | 0 | 345 | 9-<10 | 0 | 0 | 1 | 0 | 0 | 3 | 1 | 1 | 4 | 80 | 39 | 15 | 11 | 1 | 1 | 3 | 2 | 0 | 162 | 10-<11 | 2 | 0 | 0 | 0 | 1 | 24 | 4 | 8 | 23 | 11 | 407 | 46 | 151 | 27 | 9 | 124 | 36 | 4 | 877 | 11-<12 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 0 | 3 | 32 | 14 | 12 | 4 | 6 | 3 | 0 | 80 | 12-<13 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 7 | 2 | 37 | 12 | 7 | 16 | 6 | 0 | 92 | 13-<14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 7 | 7 | 9 | 7 | 0 | 32 | 14-<15 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 9 | 5 | 16 | 0 | 33 | 15-<16 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 0 | 13 | 0 | 3 | 1 | 0 | 69 | 70 | 2 | 164 | >=16 | 1 | 1 | 0 | 0 | 1 | 5 | 0 | 0 | 1 | 0 | 23 | 1 | 1 | 0 | 1 | 21 | 639 | 6 | 701 | Total | 51 | 57 | 164 | 302 | 387 | 845 | 498 | 552 | 464 | 235 | 757 | 110 | 238 | 65 | 39 | 263 | 785 | 16 | 5828 | Note: Figures are based on sample observations |
Table 4(b): Cross-tabulation of Number of Respondents by Current Inflation Perception and One Year Ahead Inflation Expectations: December 2018 | One Year Ahead Inflation Rate (per cent) | Current Inflation Rate (per cent) | | <1 | 1-<2 | 2-<3 | 3-<4 | 4-<5 | 5-<6 | 6-<7 | 7-<8 | 8-<9 | 9-<10 | 10-<11 | 11-<12 | 12-<13 | 13-<14 | 14-<15 | 15-<16 | >=16 | No idea | Total | <1 | 30 | 3 | 1 | 1 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 42 | 1-<2 | 16 | 16 | 9 | 13 | 6 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 | 2-<3 | 42 | 0 | 47 | 35 | 54 | 19 | 8 | 2 | 1 | 0 | 6 | 1 | 1 | 0 | 0 | 1 | 2 | 0 | 219 | 3-<4 | 65 | 0 | 3 | 67 | 46 | 87 | 51 | 22 | 10 | 7 | 12 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 374 | 4-<5 | 99 | 0 | 0 | 1 | 102 | 61 | 77 | 45 | 26 | 8 | 27 | 2 | 4 | 2 | 0 | 2 | 0 | 1 | 457 | 5-<6 | 217 | 0 | 0 | 7 | 17 | 315 | 101 | 200 | 137 | 37 | 245 | 6 | 11 | 2 | 1 | 30 | 13 | 0 | 1339 | 6-<7 | 68 | 0 | 0 | 2 | 2 | 5 | 111 | 56 | 97 | 33 | 42 | 4 | 10 | 2 | 1 | 6 | 3 | 0 | 442 | 7-<8 | 58 | 0 | 0 | 1 | 2 | 3 | 6 | 102 | 54 | 55 | 80 | 9 | 15 | 2 | 5 | 9 | 5 | 0 | 406 | 8-<9 | 52 | 1 | 1 | 0 | 2 | 2 | 6 | 6 | 90 | 29 | 79 | 12 | 32 | 8 | 3 | 14 | 7 | 1 | 345 | 9-<10 | 33 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 3 | 40 | 25 | 18 | 13 | 9 | 2 | 13 | 3 | 0 | 162 | 10-<11 | 120 | 0 | 0 | 0 | 0 | 9 | 0 | 4 | 7 | 11 | 256 | 24 | 104 | 29 | 21 | 167 | 122 | 3 | 877 | 11-<12 | 9 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 17 | 7 | 9 | 10 | 13 | 11 | 0 | 80 | 12-<13 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 21 | 7 | 9 | 14 | 23 | 1 | 92 | 13-<14 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 0 | 3 | 3 | 13 | 8 | 0 | 32 | 14-<15 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 4 | 17 | 0 | 33 | 15-<16 | 28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 0 | 2 | 0 | 0 | 43 | 84 | 0 | 164 | >=16 | 108 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 4 | 0 | 0 | 2 | 0 | 14 | 566 | 4 | 701 | Total | 970 | 20 | 61 | 127 | 233 | 507 | 362 | 440 | 428 | 223 | 786 | 95 | 221 | 75 | 59 | 345 | 865 | 11 | 5828 | Note: Figures are based on sample observations | |