Today, the Reserve Bank released the results of the May 2019 round of the Inflation Expectations Survey of Households (IESH)1. The survey was conducted in 18 major cities and the results are based on responses from 5,714 urban households. Highlights: i. While three months ahead median inflation expectations of households declined by 20 basis points (bps), one year ahead median inflation expectations remained unchanged from the March 2019 round (Chart 1a, 1b, Table 2); median inflation expectations three months ahead and one year ahead have been on a declining trajectory since the September 2018 round. ii. The median perception of current inflation dropped by 30 bps and consequently, the gap between households’ current perceptions and future expectations widened in this round for both time horizons referred to earlier. iii. An increased proportion of households expect a higher rate of price rise across various product groups for both three months ahead and one year ahead (Table 1a, 1b). 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) | Survey period ended | May-18 | Nov-18 | Dec-18 | Mar-19 | May-19 | General | | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Prices will increase | 82.3 | 77.9 | 0.91 | 72.9 | 1.04 | 74.8 | 1.02 | 78.3 | 1.01 | Price increase more than current rate | 50.5 | 47.4 | 1.12 | 46.2 | 1.14 | 44.1 | 1.08 | 50.0 | 1.22 | Price increase similar to current rate | 25.1 | 25.6 | 1.00 | 23.3 | 0.96 | 26.9 | 0.97 | 25.6 | 1.01 | Price increase less than current rate | 6.7 | 4.9 | 0.59 | 3.4 | 0.39 | 3.8 | 0.41 | 2.8 | 0.32 | No changes in prices | 16.0 | 19.2 | 0.87 | 21.2 | 0.98 | 21.9 | 0.98 | 18.4 | 0.96 | Decline in prices | 1.7 | 2.9 | 0.33 | 5.8 | 0.46 | 3.4 | 0.36 | 3.3 | 0.35 | Food Product | | | | | | | | | | Prices will increase | 82.0 | 77.2 | 0.89 | 70.7 | 0.98 | 73.7 | 0.96 | 78.5 | 0.87 | Price increase more than current rate | 48.3 | 46.4 | 1.03 | 42.7 | 1.08 | 43.6 | 1.06 | 48.5 | 1.13 | Price increase similar to current rate | 24.5 | 23.6 | 0.91 | 22.4 | 0.87 | 24.1 | 0.88 | 24.7 | 0.94 | Price increase less than current rate | 9.3 | 7.3 | 0.63 | 5.7 | 0.48 | 6.0 | 0.49 | 5.4 | 0.46 | No changes in prices | 13.5 | 16.9 | 0.81 | 17.2 | 0.79 | 17.5 | 0.84 | 15.0 | 0.77 | Decline in prices | 4.5 | 5.9 | 0.46 | 12.0 | 0.65 | 8.8 | 0.56 | 6.5 | 0.47 | Non- Food Product | | | | | | | | | | Prices will increase | 78.4 | 75.8 | 0.90 | 67.6 | 1.00 | 71.3 | 0.94 | 75.8 | 0.91 | Price increase more than current rate | 45.8 | 45.2 | 1.07 | 40.8 | 1.08 | 41.0 | 1.02 | 45.2 | 1.15 | Price increase similar to current rate | 24.0 | 24.1 | 0.94 | 21.6 | 0.89 | 24.5 | 0.86 | 25.3 | 0.91 | Price increase less than current rate | 8.6 | 6.5 | 0.61 | 5.3 | 0.47 | 5.7 | 0.48 | 5.4 | 0.44 | No changes in prices | 18.1 | 18.5 | 0.79 | 20.5 | 0.85 | 21.9 | 0.87 | 18.1 | 0.81 | Decline in prices | 3.6 | 5.8 | 0.48 | 11.9 | 0.63 | 6.8 | 0.47 | 6.0 | 0.47 | Household Durables | | | | | | | | | | Prices will increase | 63.2 | 57.9 | 1.06 | 56.8 | 1.08 | 59.5 | 1.05 | 61.3 | 1.12 | Price increase more than current rate | 36.7 | 33.8 | 1.03 | 34.8 | 1.08 | 35.2 | 0.99 | 37.0 | 1.12 | Price increase similar to current rate | 19.9 | 18.9 | 0.80 | 17.9 | 0.85 | 19.3 | 0.79 | 19.9 | 0.85 | Price increase less than current rate | 6.6 | 5.2 | 0.50 | 4.1 | 0.39 | 5.0 | 0.41 | 4.3 | 0.41 | No changes in prices | 26.8 | 29.7 | 0.98 | 24.8 | 0.91 | 27.7 | 0.96 | 27.2 | 1.01 | Decline in prices | 10.0 | 12.4 | 0.66 | 18.4 | 0.77 | 12.8 | 0.62 | 11.5 | 0.64 | Cost of Housing | | | | | | | | | | Prices will increase | 71.6 | 68.7 | 0.96 | 69.1 | 1.03 | 68.1 | 0.98 | 70.9 | 1.06 | Price increase more than current rate | 47.6 | 44.5 | 1.05 | 46.5 | 1.06 | 44.2 | 0.97 | 46.9 | 1.13 | Price increase similar to current rate | 18.2 | 19.0 | 0.83 | 18.2 | 0.79 | 19.5 | 0.76 | 19.8 | 0.83 | Price increase less than current rate | 5.8 | 5.2 | 0.51 | 4.5 | 0.41 | 4.4 | 0.41 | 4.2 | 0.39 | No changes in prices | 20.8 | 23.7 | 0.88 | 22.2 | 0.94 | 22.4 | 0.88 | 21.7 | 0.96 | Decline in prices | 7.7 | 7.6 | 0.54 | 8.6 | 0.57 | 9.5 | 0.60 | 7.3 | 0.52 | Cost of Services | | | | | | | | | | Prices will increase | 72.0 | 68.2 | 0.99 | 65.7 | 1.10 | 66.4 | 1.02 | 68.6 | 1.03 | Price increase more than current rate | 42.9 | 40.4 | 1.06 | 40.2 | 1.11 | 39.2 | 1.00 | 42.6 | 1.14 | Price increase similar to current rate | 22.6 | 22.4 | 0.86 | 21.2 | 0.82 | 21.9 | 0.84 | 21.7 | 0.89 | Price increase less than current rate | 6.6 | 5.3 | 0.48 | 4.3 | 0.41 | 5.3 | 0.45 | 4.3 | 0.41 | No changes in prices | 25.6 | 28.8 | 0.97 | 28.2 | 1.02 | 28.9 | 0.99 | 27.7 | 0.99 | Decline in prices | 2.4 | 3.0 | 0.35 | 6.1 | 0.45 | 4.7 | 0.42 | 3.8 | 0.37 | 1. The table provides estimates and standard errors for qualitative responses from the November 2018 round onwards. 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) | Survey period ended | May-18 | Nov-18 | Dec-18 | Mar-19 | May-19 | General | | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Prices will increase | 91.1 | 89.7 | 0.65 | 83.8 | 0.82 | 84.4 | 0.90 | 86.3 | 0.77 | Price increase more than current rate | 62.6 | 60.0 | 1.11 | 57.5 | 1.15 | 54.6 | 1.08 | 58.5 | 1.19 | Price increase similar to current rate | 23.4 | 26.4 | 0.97 | 23.3 | 1.00 | 26.6 | 0.93 | 24.9 | 1.03 | Price increase less than current rate | 5.0 | 3.4 | 0.43 | 3.0 | 0.37 | 3.2 | 0.38 | 3.0 | 0.32 | No changes in prices | 6.5 | 7.6 | 0.57 | 11.3 | 0.73 | 12.6 | 0.83 | 10.2 | 0.70 | Decline in prices | 2.4 | 2.7 | 0.33 | 4.9 | 0.43 | 3.0 | 0.33 | 3.5 | 0.37 | Food Product | | | | | | | | | | Prices will increase | 85.6 | 85.4 | 0.73 | 80.0 | 0.82 | 80.1 | 0.87 | 83.1 | 0.76 | Price increase more than current rate | 53.4 | 52.3 | 1.14 | 50.6 | 1.08 | 47.2 | 1.06 | 50.4 | 1.19 | Price increase similar to current rate | 25.2 | 27.5 | 0.96 | 24.7 | 0.93 | 28.0 | 0.88 | 27.6 | 0.97 | Price increase less than current rate | 7.0 | 5.7 | 0.51 | 4.7 | 0.43 | 5.0 | 0.44 | 5.1 | 0.43 | No changes in prices | 9.4 | 9.4 | 0.60 | 12.1 | 0.68 | 14.0 | 0.76 | 11.4 | 0.64 | Decline in prices | 5.0 | 5.2 | 0.45 | 7.9 | 0.52 | 5.9 | 0.45 | 5.5 | 0.43 | Non- Food Product | | | | | | | | | | Prices will increase | 82.7 | 82.4 | 0.78 | 76.4 | 0.92 | 78.2 | 0.89 | 81.3 | 0.81 | Price increase more than current rate | 51.1 | 51.6 | 1.10 | 47.5 | 1.09 | 45.7 | 1.05 | 49.7 | 1.18 | Price increase similar to current rate | 25.3 | 25.2 | 0.90 | 24.2 | 0.92 | 27.5 | 0.89 | 26.8 | 0.99 | Price increase less than current rate | 6.3 | 5.6 | 0.50 | 4.7 | 0.43 | 5.0 | 0.41 | 4.9 | 0.44 | No changes in prices | 13.2 | 12.7 | 0.68 | 15.8 | 0.78 | 16.9 | 0.80 | 13.7 | 0.72 | Decline in prices | 4.1 | 4.9 | 0.43 | 7.7 | 0.54 | 5.0 | 0.41 | 5.0 | 0.43 | Household Durables | | | | | | | | | | Prices will increase | 72.5 | 70.1 | 0.98 | 66.9 | 1.02 | 68.3 | 0.99 | 68.8 | 1.04 | Price increase more than current rate | 45.2 | 43.0 | 1.10 | 42.0 | 1.09 | 41.3 | 1.02 | 42.9 | 1.14 | Price increase similar to current rate | 21.5 | 22.0 | 0.88 | 20.4 | 0.84 | 22.6 | 0.81 | 21.9 | 0.88 | Price increase less than current rate | 5.8 | 5.1 | 0.47 | 4.5 | 0.40 | 4.4 | 0.41 | 4.0 | 0.40 | No changes in prices | 19.2 | 20.4 | 0.85 | 20.1 | 0.91 | 21.9 | 0.89 | 21.5 | 0.91 | Decline in prices | 8.3 | 9.6 | 0.61 | 13.0 | 0.69 | 9.8 | 0.57 | 9.7 | 0.59 | Cost of Housing | | | | | | | | | | Prices will increase | 79.8 | 80.6 | 0.79 | 79.6 | 0.85 | 77.6 | 0.86 | 79.8 | 0.84 | Price increase more than current rate | 55.2 | 53.8 | 1.04 | 55.9 | 1.00 | 51.0 | 1.01 | 54.3 | 1.05 | Price increase similar to current rate | 19.6 | 22.5 | 0.91 | 19.8 | 0.78 | 22.9 | 0.77 | 21.9 | 0.84 | Price increase less than current rate | 5.0 | 4.3 | 0.44 | 3.9 | 0.39 | 3.8 | 0.36 | 3.6 | 0.37 | No changes in prices | 13.9 | 13.3 | 0.68 | 13.7 | 0.74 | 15.2 | 0.75 | 14.3 | 0.77 | Decline in prices | 6.3 | 6.1 | 0.50 | 6.7 | 0.50 | 7.2 | 0.53 | 5.9 | 0.45 | Cost of Services | | | | | | | | | | Prices will increase | 84.2 | 83.3 | 0.75 | 77.9 | 0.88 | 78.8 | 0.87 | 80.9 | 0.83 | Price increase more than current rate | 52.9 | 52.2 | 1.11 | 49.0 | 1.11 | 47.5 | 1.02 | 50.3 | 1.12 | Price increase similar to current rate | 24.4 | 25.7 | 0.92 | 24.1 | 0.90 | 26.4 | 0.87 | 25.3 | 0.94 | Price increase less than current rate | 6.9 | 5.4 | 0.48 | 4.8 | 0.44 | 4.8 | 0.42 | 5.3 | 0.49 | No changes in prices | 13.5 | 13.5 | 0.68 | 17.1 | 0.82 | 17.4 | 0.81 | 15.5 | 0.77 | Decline in prices | 2.4 | 3.1 | 0.34 | 5.0 | 0.44 | 3.9 | 0.37 | 3.6 | 0.36 | 1. The table provides estimates and standard errors for qualitative responses from the November 2018 round onwards. 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 2: Inflation Expectations of Various Groups: May 2019 | | Current Perception | Three Months ahead Expectation | One Year ahead Expectation | Mean | Median | Mean | Median | Mean | Median | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Overall | 7.8 | 0.10 | 6.6 | 0.15 | 8.6 | 0.10 | 7.6 | 0.12 | 8.4 | 0.12 | 8.1 | 0.16 | Gender-wise | | | | | | | | | | | | | Male | 7.8 | 0.13 | 6.6 | 0.16 | 8.5 | 0.13 | 7.5 | 0.16 | 8.3 | 0.16 | 7.8 | 0.20 | Female | 8.0 | 0.15 | 6.6 | 0.23 | 8.8 | 0.15 | 7.8 | 0.17 | 8.7 | 0.17 | 8.4 | 0.21 | Category-wise | | | | | | | | | | | | | Financial Sector Employees | 7.2 | 0.40 | 6.2 | 0.27 | 7.8 | 0.45 | 6.9 | 0.34 | 7.7 | 0.67 | 7.0 | 0.49 | Other Employees | 7.7 | 0.18 | 6.7 | 0.29 | 8.5 | 0.19 | 7.6 | 0.26 | 8.1 | 0.22 | 7.7 | 0.28 | Self Employed | 7.8 | 0.19 | 6.9 | 0.26 | 8.5 | 0.19 | 7.6 | 0.23 | 8.2 | 0.23 | 7.7 | 0.28 | Homemaker | 7.9 | 0.18 | 6.5 | 0.25 | 8.7 | 0.17 | 7.8 | 0.19 | 8.7 | 0.20 | 8.4 | 0.23 | Retired Persons | 8.3 | 0.33 | 7.3 | 0.55 | 9.2 | 0.34 | 8.8 | 0.69 | 8.9 | 0.40 | 8.9 | 0.84 | Daily Workers | 8.0 | 0.23 | 6.7 | 0.29 | 8.8 | 0.24 | 7.9 | 0.34 | 8.7 | 0.28 | 8.6 | 0.36 | Other category | 7.0 | 0.20 | 6.1 | 0.22 | 7.8 | 0.22 | 6.8 | 0.29 | 7.8 | 0.27 | 7.5 | 0.34 | Age Group-wise | | | | | | | | | | | | | Up to 25 years | 7.2 | 0.17 | 6.1 | 0.18 | 8.1 | 0.18 | 7.2 | 0.19 | 8.1 | 0.21 | 7.8 | 0.25 | 25 to 30 years | 7.7 | 0.17 | 6.6 | 0.27 | 8.5 | 0.18 | 7.6 | 0.20 | 8.3 | 0.21 | 8.0 | 0.25 | 30 to 35 years | 7.9 | 0.20 | 6.9 | 0.30 | 8.7 | 0.21 | 7.7 | 0.23 | 8.7 | 0.25 | 8.4 | 0.38 | 35 to 40 years | 7.7 | 0.18 | 6.6 | 0.32 | 8.6 | 0.19 | 7.8 | 0.22 | 8.4 | 0.24 | 8.2 | 0.29 | 40 to 45 years | 8.3 | 0.24 | 7.0 | 0.41 | 9.0 | 0.24 | 7.7 | 0.32 | 8.6 | 0.29 | 8.4 | 0.30 | 45 to 50 years | 8.2 | 0.25 | 6.8 | 0.38 | 9.1 | 0.25 | 8.1 | 0.34 | 8.7 | 0.28 | 8.4 | 0.32 | 50 to 55 years | 8.0 | 0.28 | 6.6 | 0.38 | 8.7 | 0.28 | 7.8 | 0.40 | 8.3 | 0.37 | 7.9 | 0.47 | 55 to 60 years | 8.6 | 0.31 | 7.7 | 0.45 | 9.5 | 0.33 | 8.6 | 0.64 | 8.8 | 0.36 | 8.5 | 0.68 | 60 years and above | 8.0 | 0.29 | 6.8 | 0.43 | 8.8 | 0.30 | 8.2 | 0.47 | 8.5 | 0.34 | 8.1 | 0.46 | City-wise | | | | | | | | | | | | | Ahmedabad | 7.2 | 0.33 | 6.4 | 0.43 | 8.2 | 0.29 | 7.6 | 0.32 | 7.5 | 0.37 | 7.5 | 0.34 | Bengaluru | 6.5 | 0.36 | 5.3 | 0.24 | 7.6 | 0.32 | 6.3 | 0.33 | 8.5 | 0.28 | 7.9 | 0.50 | Bhopal | 8.6 | 0.50 | 7.8 | 0.89 | 9.5 | 0.67 | 8.9 | 0.97 | 8.3 | 0.69 | 8.5 | 1.27 | Bhubaneswar | 5.6 | 0.66 | 5.1 | 0.37 | 6.7 | 0.77 | 6.1 | 0.52 | 7.9 | 0.73 | 7.5 | 0.61 | Chennai | 8.7 | 0.34 | 8.5 | 0.51 | 10.0 | 0.43 | 10.0 | 0.58 | 11.0 | 0.49 | 11.4 | 0.89 | Delhi | 7.0 | 0.20 | 5.9 | 0.15 | 7.5 | 0.22 | 6.6 | 0.29 | 7.0 | 0.27 | 6.6 | 0.40 | Guwahati | 5.8 | 0.52 | 5.2 | 0.38 | 5.7 | 0.50 | 5.1 | 0.52 | 5.6 | 0.59 | 5.2 | 0.53 | Hyderabad | 8.4 | 0.39 | 6.7 | 0.48 | 9.7 | 0.42 | 8.4 | 0.62 | 10.4 | 0.49 | 10.2 | 0.76 | Jaipur | 5.9 | 0.25 | 5.7 | 0.14 | 6.5 | 0.27 | 6.2 | 0.38 | 5.9 | 0.43 | 6.0 | 0.44 | Kolkata | 10.4 | 0.46 | 10.0 | 0.51 | 11.1 | 0.45 | 10.9 | 0.72 | 10.9 | 0.49 | 11.2 | 0.99 | Lucknow | 8.5 | 0.41 | 8.5 | 0.49 | 9.7 | 0.45 | 9.5 | 0.60 | 9.9 | 0.69 | 10.3 | 0.48 | Mumbai | 8.4 | 0.25 | 7.6 | 0.31 | 9.2 | 0.27 | 8.7 | 0.52 | 8.1 | 0.37 | 8.1 | 0.54 | Nagpur | 6.5 | 0.36 | 5.3 | 0.26 | 6.6 | 0.39 | 5.5 | 0.37 | 5.5 | 0.68 | 4.8 | 1.44 | Patna | 6.3 | 0.31 | 5.8 | 0.20 | 6.6 | 0.34 | 5.9 | 0.35 | 6.8 | 0.40 | 6.6 | 0.67 | Thiruvananthapuram | 6.0 | 0.61 | 5.3 | 0.35 | 7.4 | 0.65 | 6.8 | 0.71 | 9.5 | 0.86 | 9.1 | 1.02 | Chandigarh | 7.8 | 0.66 | 7.3 | 1.07 | 7.4 | 0.65 | 6.8 | 0.81 | 7.3 | 0.73 | 7.3 | 0.76 | Ranchi | 6.9 | 0.20 | 6.8 | 0.19 | 7.3 | 0.33 | 7.4 | 0.23 | 6.8 | 0.51 | 7.6 | 0.23 | Raipur | 7.9 | 0.48 | 6.9 | 1.08 | 6.8 | 0.62 | 6.1 | 0.79 | 5.0 | 0.96 | 3.2 | 1.95 | Note: The table provides estimates and standard errors for quantitative responses for the May 2019 round. | Table 3: Household Inflation Expectations – Current Perception, Three Months and One Year Ahead Expectations | | Current Perception | Three Months ahead Expectation | One Year ahead Expectation | Mean | Median | Mean | Median | Mean | Median | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | May-18 | 8.7 | -- | 7.9 | -- | 9.4 | -- | 8.7 | -- | 9.7 | -- | 9.9 | -- | Nov-18 | 9.1 | 0.11 | 8.2 | 0.18 | 9.7 | 0.12 | 9.0 | 0.22 | 9.6 | 0.12 | 9.8 | 0.25 | Dec-18 | 8.3 | 0.11 | 7.1 | 0.18 | 9.1 | 0.11 | 8.2 | 0.15 | 8.6 | 0.13 | 8.5 | 0.17 | Mar-19 | 8.0 | 0.09 | 6.9 | 0.14 | 8.7 | 0.10 | 7.8 | 0.12 | 8.3 | 0.12 | 8.1 | 0.17 | May-19 | 7.8 | 0.10 | 6.6 | 0.15 | 8.6 | 0.10 | 7.6 | 0.12 | 8.4 | 0.12 | 8.1 | 0.16 | ‘--‘ Calculation of Standard Error was initiated from the September 2018 round onwards. | Note: The table provides estimates and standard errors for quantitative responses. | Table 4: 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 | May-18 | 67.5 | 65.6 | 56.6 | 60.0 | 65.0 | Nov-18 | 65.6 | 66.8 | 56.5 | 61.4 | 66.2 | Dec-18 | 62.9 | 64.0 | 55.3 | 62.4 | 64.3 | Mar-19 | 62.6 | 62.3 | 54.9 | 58.8 | 63.4 | May-19 | 66.4 | 65.4 | 56.8 | 62.0 | 66.2 | One Year Ahead | Mar-18 | 72.4 | 70.8 | 62.5 | 67.4 | 72.1 | Nov-18 | 73.5 | 72.3 | 62.7 | 67.7 | 73.2 | Dec-18 | 72.5 | 71.7 | 62.5 | 70.3 | 72.9 | Mar-19 | 70.2 | 68.8 | 61.8 | 66.0 | 69.9 | May-19 | 71.6 | 71.3 | 62.7 | 70.7 | 72.5 | Note: Figures are based on sample observations | Table 5(a): Cross-tabulation of Number of Respondents by Current Inflation Perception and Three Months Ahead Inflation Expectations: May 2019 | 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 | 24 | 5 | 4 | 2 | 2 | 3 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 42 | 1-<2 | 4 | 38 | 15 | 8 | 1 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70 | 2-<3 | 10 | 9 | 129 | 68 | 47 | 27 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 292 | 3-<4 | 0 | 1 | 24 | 178 | 118 | 94 | 16 | 3 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 437 | 4-<5 | 1 | 5 | 9 | 20 | 255 | 109 | 87 | 22 | 10 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 522 | 5-<6 | 6 | 7 | 12 | 28 | 31 | 579 | 190 | 210 | 71 | 13 | 66 | 0 | 1 | 0 | 0 | 10 | 0 | 1 | 1225 | 6-<7 | 4 | 0 | 0 | 5 | 8 | 13 | 210 | 123 | 65 | 15 | 16 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 463 | 7-<8 | 0 | 1 | 1 | 1 | 7 | 11 | 4 | 198 | 130 | 60 | 43 | 3 | 6 | 0 | 1 | 0 | 0 | 1 | 467 | 8-<9 | 0 | 0 | 0 | 3 | 2 | 7 | 6 | 6 | 141 | 65 | 111 | 9 | 10 | 3 | 1 | 1 | 1 | 0 | 366 | 9-<10 | 1 | 0 | 0 | 2 | 0 | 2 | 2 | 0 | 1 | 84 | 39 | 22 | 10 | 1 | 2 | 3 | 1 | 1 | 171 | 10-<11 | 1 | 0 | 4 | 1 | 0 | 22 | 0 | 7 | 18 | 4 | 347 | 51 | 137 | 37 | 8 | 107 | 41 | 0 | 785 | 11-<12 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 2 | 23 | 13 | 10 | 2 | 7 | 5 | 0 | 65 | 12-<13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 23 | 6 | 21 | 25 | 5 | 0 | 84 | 13-<14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 8 | 3 | 0 | 20 | 14-<15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 8 | 6 | 12 | 0 | 28 | 15-<16 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 0 | 0 | 6 | 0 | 3 | 2 | 0 | 54 | 72 | 0 | 140 | >=16 | 2 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 6 | 0 | 2 | 0 | 1 | 12 | 508 | 3 | 537 | Total | 53 | 66 | 199 | 316 | 471 | 875 | 517 | 571 | 437 | 243 | 647 | 109 | 209 | 66 | 47 | 233 | 649 | 6 | 5714 | Note: Figures are based on sample observations | Table 5(b): Cross-tabulation of Number of Respondents by Current Inflation Perception and One Year Ahead Inflation Expectations: May 2019 | 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 | 22 | 3 | 4 | 3 | 1 | 5 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 42 | 1-<2 | 18 | 18 | 15 | 6 | 2 | 3 | 0 | 3 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 70 | 2-<3 | 58 | 3 | 65 | 39 | 60 | 44 | 9 | 8 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 2 | 0 | 1 | 292 | 3-<4 | 70 | 1 | 1 | 102 | 48 | 102 | 55 | 29 | 13 | 3 | 9 | 0 | 1 | 1 | 0 | 1 | 0 | 1 | 437 | 4-<5 | 96 | 1 | 3 | 5 | 134 | 77 | 80 | 47 | 39 | 11 | 21 | 3 | 2 | 0 | 1 | 2 | 0 | 0 | 522 | 5-<6 | 168 | 2 | 4 | 5 | 16 | 346 | 109 | 167 | 149 | 42 | 161 | 8 | 9 | 1 | 1 | 18 | 18 | 1 | 1225 | 6-<7 | 62 | 0 | 0 | 1 | 4 | 4 | 125 | 89 | 74 | 40 | 41 | 7 | 6 | 0 | 1 | 8 | 1 | 0 | 463 | 7-<8 | 64 | 1 | 0 | 1 | 1 | 2 | 5 | 117 | 88 | 81 | 67 | 8 | 16 | 1 | 5 | 8 | 2 | 0 | 467 | 8-<9 | 49 | 0 | 0 | 0 | 1 | 5 | 0 | 5 | 87 | 31 | 114 | 23 | 21 | 12 | 0 | 12 | 6 | 0 | 366 | 9-<10 | 21 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 1 | 58 | 21 | 28 | 20 | 5 | 5 | 4 | 4 | 0 | 171 | 10-<11 | 76 | 0 | 0 | 0 | 0 | 5 | 3 | 10 | 7 | 2 | 227 | 26 | 94 | 34 | 26 | 154 | 120 | 1 | 785 | 11-<12 | 5 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 2 | 17 | 6 | 14 | 4 | 8 | 7 | 0 | 65 | 12-<13 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 6 | 8 | 24 | 18 | 1 | 84 | 13-<14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 3 | 6 | 6 | 0 | 20 | 14-<15 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 6 | 3 | 16 | 0 | 28 | 15-<16 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 3 | 0 | 2 | 1 | 0 | 37 | 77 | 0 | 140 | >=16 | 59 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 3 | 0 | 0 | 0 | 1 | 7 | 461 | 4 | 537 | Total | 794 | 30 | 92 | 162 | 267 | 596 | 388 | 477 | 461 | 270 | 673 | 120 | 199 | 80 | 61 | 295 | 738 | 11 | 5714 | Note: Figures are based on sample observations |
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