Today, the Reserve Bank released the results of the September 2020 round of the Inflation Expectations Survey of Households (IESH)1. In view of the Covid-19 pandemic, the survey was conducted through telephonic interviews during August 29 to September 10, 2020 in 18 major cities. The results are based on responses from 5,652 urban households2. Highlights: i. Households’ median inflation expectations remained elevated for both three months and one year ahead periods; their perception of current inflation and expectation for inflation over the next three months were, however, a shade lower than that in the previous round of the survey [Charts 1a and 1b; Table 3]. ii. More households expect general inflation to increase over the three months and one year ahead periods, but the share of respondents expecting higher food inflation over the next quarter declined in comparison with that in July 2020 [Tables 1a and 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 | Sep-19 | Mar-20 | May-20 | Jul-20 | Sep-20 | General | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Prices will increase | 79.3 | 0.94 | 83.3 | 0.79 | 85.3 | 0.73 | 83.5 | 0.92 | 81.6 | 0.78 | Price increase more than current rate | 49.0 | 1.23 | 52.5 | 1.10 | 56.0 | 1.02 | 52.2 | 1.14 | 53.9 | 1.02 | Price increase similar to current rate | 25.1 | 1.04 | 25.6 | 0.99 | 23.5 | 0.89 | 26.0 | 1.03 | 22.5 | 0.84 | Price increase less than current rate | 5.2 | 0.51 | 5.2 | 0.56 | 5.8 | 0.49 | 5.3 | 0.54 | 5.2 | 0.46 | No changes in prices | 18.6 | 0.92 | 14.9 | 0.76 | 12.4 | 0.69 | 14.0 | 0.84 | 15.9 | 0.74 | Decline in prices | 2.1 | 0.29 | 1.8 | 0.25 | 2.3 | 0.32 | 2.5 | 0.43 | 2.5 | 0.31 | Food Product | | | | | | | | | | | Prices will increase | 81.4 | 0.86 | 81.9 | 0.81 | 84.6 | 0.75 | 82.3 | 0.86 | 80.4 | 0.80 | Price increase more than current rate | 52.9 | 1.14 | 55.4 | 1.02 | 58.6 | 1.00 | 54.7 | 1.08 | 52.6 | 1.00 | Price increase similar to current rate | 21.4 | 0.88 | 20.0 | 0.88 | 20.0 | 0.82 | 21.9 | 0.89 | 21.2 | 0.81 | Price increase less than current rate | 7.1 | 0.59 | 6.5 | 0.56 | 6.0 | 0.49 | 5.7 | 0.47 | 6.6 | 0.51 | No changes in prices | 13.2 | 0.78 | 12.4 | 0.68 | 10.7 | 0.64 | 13.2 | 0.75 | 14.3 | 0.70 | Decline in prices | 5.4 | 0.45 | 5.7 | 0.43 | 4.7 | 0.45 | 4.5 | 0.56 | 5.3 | 0.46 | Non- Food Product | | | | | | | | | | | Prices will increase | 74.7 | 0.95 | 77.8 | 0.87 | 76.7 | 0.88 | 79.1 | 0.99 | 75.8 | 0.87 | Price increase more than current rate | 45.5 | 1.16 | 50.8 | 1.00 | 49.5 | 0.99 | 48.3 | 1.11 | 47.3 | 0.99 | Price increase similar to current rate | 21.8 | 0.90 | 20.8 | 0.89 | 20.8 | 0.82 | 24.6 | 0.98 | 21.9 | 0.82 | Price increase less than current rate | 7.3 | 0.57 | 6.2 | 0.50 | 6.4 | 0.50 | 6.2 | 0.51 | 6.6 | 0.50 | No changes in prices | 20.8 | 0.88 | 17.7 | 0.79 | 17.8 | 0.79 | 15.2 | 0.87 | 19.2 | 0.80 | Decline in prices | 4.5 | 0.42 | 4.5 | 0.42 | 5.5 | 0.49 | 5.6 | 0.59 | 5.0 | 0.45 | Household Durables | | | | | | | | | | | Prices will increase | 56.2 | 1.07 | 64.5 | 1.02 | 55.1 | 1.04 | 57.8 | 1.14 | 56.3 | 1.02 | Price increase more than current rate | 33.9 | 1.11 | 42.3 | 1.03 | 33.6 | 0.96 | 34.7 | 1.07 | 35.0 | 0.96 | Price increase similar to current rate | 17.3 | 0.80 | 17.2 | 0.80 | 16.4 | 0.76 | 17.6 | 0.87 | 15.8 | 0.74 | Price increase less than current rate | 4.9 | 0.45 | 5.0 | 0.44 | 5.1 | 0.44 | 5.4 | 0.48 | 5.5 | 0.47 | No changes in prices | 28.5 | 0.96 | 24.2 | 0.90 | 29.7 | 0.94 | 28.4 | 1.00 | 30.7 | 0.94 | Decline in prices | 15.4 | 0.73 | 11.2 | 0.63 | 15.2 | 0.76 | 13.8 | 0.86 | 13.1 | 0.69 | Cost of Housing | | | | | | | | | | | Prices will increase | 68.1 | 1.10 | 71.0 | 1.07 | 48.6 | 1.01 | 46.9 | 1.08 | 51.8 | 0.98 | Price increase more than current rate | 45.2 | 1.23 | 49.5 | 1.10 | 30.2 | 0.93 | 28.1 | 0.98 | 32.8 | 0.93 | Price increase similar to current rate | 17.9 | 0.81 | 17.4 | 0.78 | 13.6 | 0.69 | 14.9 | 0.78 | 14.4 | 0.69 | Price increase less than current rate | 5.0 | 0.44 | 4.2 | 0.39 | 4.8 | 0.45 | 3.9 | 0.39 | 4.6 | 0.43 | No changes in prices | 23.1 | 0.98 | 22.1 | 0.96 | 30.3 | 0.93 | 29.9 | 1.03 | 29.1 | 0.91 | Decline in prices | 8.7 | 0.59 | 6.9 | 0.52 | 21.1 | 0.83 | 23.2 | 0.95 | 19.1 | 0.78 | Cost of Services | | | | | | | | | | | Prices will increase | 63.5 | 1.04 | 70.8 | 0.99 | 68.3 | 0.97 | 70.1 | 1.06 | 70.3 | 0.91 | Price increase more than current rate | 40.2 | 1.15 | 46.2 | 1.02 | 43.2 | 0.99 | 43.3 | 1.11 | 45.5 | 1.01 | Price increase similar to current rate | 18.1 | 0.76 | 19.3 | 0.84 | 19.3 | 0.79 | 21.2 | 0.92 | 19.1 | 0.79 | Price increase less than current rate | 5.3 | 0.45 | 5.2 | 0.44 | 5.9 | 0.46 | 5.6 | 0.49 | 5.7 | 0.47 | No changes in prices | 31.6 | 1.00 | 25.9 | 0.94 | 27.4 | 0.93 | 25.7 | 0.99 | 25.8 | 0.88 | Decline in prices | 4.8 | 0.42 | 3.3 | 0.34 | 4.4 | 0.42 | 4.2 | 0.52 | 3.9 | 0.38 | Note: 1. The table provides estimates and standard errors for qualitative responses. 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 | Sep-19 | Mar-20 | May-20 | Jul-20 | Sep-20 | General | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Prices will increase | 87.0 | 0.78 | 89.2 | 0.65 | 85.6 | 0.73 | 84.6 | 0.87 | 84.8 | 0.73 | Price increase more than current rate | 57.3 | 1.29 | 60.7 | 1.07 | 57.1 | 1.00 | 55.9 | 1.12 | 59.6 | 1.00 | Price increase similar to current rate | 25.1 | 1.07 | 24.8 | 1.00 | 23.8 | 0.88 | 24.3 | 0.93 | 20.4 | 0.82 | Price increase less than current rate | 4.6 | 0.47 | 3.7 | 0.42 | 4.7 | 0.43 | 4.4 | 0.46 | 4.7 | 0.43 | No changes in prices | 10.6 | 0.73 | 9.0 | 0.62 | 11.9 | 0.67 | 12.9 | 0.82 | 12.1 | 0.67 | Decline in prices | 2.4 | 0.31 | 1.8 | 0.26 | 2.5 | 0.33 | 2.5 | 0.35 | 3.1 | 0.35 | Food Product | | | | | | | | | | | Prices will increase | 83.0 | 0.86 | 85.6 | 0.73 | 77.3 | 0.86 | 75.3 | 1.00 | 77.3 | 0.85 | Price increase more than current rate | 52.2 | 1.23 | 55.6 | 1.10 | 46.9 | 1.01 | 45.2 | 1.10 | 48.3 | 0.99 | Price increase similar to current rate | 25.4 | 0.96 | 24.3 | 0.93 | 24.2 | 0.88 | 24.1 | 0.96 | 22.5 | 0.82 | Price increase less than current rate | 5.4 | 0.53 | 5.7 | 0.49 | 6.3 | 0.51 | 6.0 | 0.50 | 6.4 | 0.51 | No changes in prices | 11.9 | 0.76 | 10.3 | 0.64 | 15.7 | 0.74 | 17.4 | 0.88 | 14.8 | 0.72 | Decline in prices | 5.2 | 0.43 | 4.1 | 0.37 | 6.9 | 0.52 | 7.3 | 0.63 | 7.9 | 0.55 | Non- Food Product | | | | | | | | | | | Prices will increase | 78.6 | 0.94 | 82.3 | 0.81 | 73.3 | 0.92 | 74.3 | 1.04 | 75.7 | 0.87 | Price increase more than current rate | 48.1 | 1.25 | 53.6 | 1.08 | 42.6 | 0.99 | 44.0 | 1.13 | 47.3 | 1.00 | Price increase similar to current rate | 24.4 | 0.98 | 23.4 | 0.92 | 23.9 | 0.87 | 24.3 | 0.92 | 22.2 | 0.83 | Price increase less than current rate | 6.1 | 0.52 | 5.3 | 0.47 | 6.8 | 0.51 | 6.0 | 0.50 | 6.1 | 0.49 | No changes in prices | 16.6 | 0.85 | 14.2 | 0.73 | 20.7 | 0.84 | 18.7 | 0.97 | 18.2 | 0.78 | Decline in prices | 4.8 | 0.43 | 3.4 | 0.36 | 6.0 | 0.49 | 7.0 | 0.71 | 6.1 | 0.49 | Household Durables | | | | | | | | | | | Prices will increase | 64.1 | 1.04 | 70.8 | 1.02 | 59.6 | 1.03 | 62.4 | 1.14 | 62.3 | 0.98 | Price increase more than current rate | 39.0 | 1.17 | 46.6 | 1.09 | 34.8 | 0.99 | 35.6 | 1.08 | 38.8 | 0.98 | Price increase similar to current rate | 19.4 | 0.82 | 19.8 | 0.86 | 19.1 | 0.79 | 21.1 | 0.91 | 18.4 | 0.77 | Price increase less than current rate | 5.6 | 0.49 | 4.4 | 0.42 | 5.7 | 0.47 | 5.8 | 0.51 | 5.1 | 0.45 | No changes in prices | 24.2 | 0.90 | 19.7 | 0.87 | 28.4 | 0.93 | 26.0 | 1.01 | 26.5 | 0.88 | Decline in prices | 11.8 | 0.64 | 9.5 | 0.59 | 12.1 | 0.67 | 11.6 | 0.81 | 11.2 | 0.64 | Cost of Housing | | | | | | | | | | | Prices will increase | 77.3 | 0.89 | 79.9 | 0.90 | 59.7 | 1.00 | 57.4 | 1.10 | 63.9 | 0.95 | Price increase more than current rate | 51.8 | 1.15 | 56.5 | 1.03 | 36.9 | 0.98 | 34.7 | 1.10 | 42.0 | 0.99 | Price increase similar to current rate | 20.6 | 0.85 | 19.6 | 0.82 | 17.3 | 0.77 | 18.4 | 0.88 | 17.4 | 0.75 | Price increase less than current rate | 4.8 | 0.45 | 3.8 | 0.39 | 5.5 | 0.46 | 4.3 | 0.43 | 4.6 | 0.43 | No changes in prices | 15.5 | 0.73 | 14.5 | 0.78 | 25.1 | 0.89 | 26.1 | 1.01 | 23.8 | 0.85 | Decline in prices | 7.2 | 0.53 | 5.5 | 0.47 | 15.2 | 0.73 | 16.5 | 0.83 | 12.2 | 0.67 | Cost of Services | | | | | | | | | | | Prices will increase | 79.0 | 0.93 | 81.4 | 0.85 | 74.4 | 0.91 | 75.6 | 1.06 | 76.8 | 0.86 | Price increase more than current rate | 50.0 | 1.23 | 53.0 | 1.09 | 44.6 | 0.98 | 46.1 | 1.11 | 48.5 | 1.01 | Price increase similar to current rate | 22.7 | 0.93 | 23.3 | 0.90 | 23.1 | 0.85 | 23.7 | 0.90 | 22.0 | 0.83 | Price increase less than current rate | 6.3 | 0.51 | 5.0 | 0.44 | 6.7 | 0.50 | 5.8 | 0.50 | 6.3 | 0.50 | No changes in prices | 17.2 | 0.85 | 16.0 | 0.81 | 22.1 | 0.87 | 20.5 | 0.97 | 19.6 | 0.81 | Decline in prices | 3.8 | 0.38 | 2.7 | 0.30 | 3.5 | 0.38 | 3.9 | 0.57 | 3.6 | 0.37 | Note: 1. The table provides estimates and standard errors for qualitative responses. 2. Constituent items may not add up to the corresponding total, due to rounding off. | Table 2: Inflation Expectations of Various Groups: September 2020 | | 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 | 9.9 | 0.10 | 9.8 | 0.25 | 10.8 | 0.10 | 10.4 | 0.07 | 9.9 | 0.12 | 10.3 | 0.08 | Gender-wise | | | | | | | | | | | | | Male | 9.9 | 0.11 | 9.6 | 0.31 | 10.7 | 0.11 | 10.4 | 0.08 | 9.8 | 0.13 | 10.2 | 0.10 | Female | 10.0 | 0.13 | 9.8 | 0.30 | 10.8 | 0.13 | 10.4 | 0.09 | 10.0 | 0.17 | 10.3 | 0.11 | Category-wise | | | | | | | | | | | | | Financial Sector Employees | 9.9 | 0.54 | 9.4 | 0.88 | 10.8 | 0.52 | 10.1 | 0.63 | 9.3 | 0.62 | 9.4 | 0.61 | Other Employees | 9.8 | 0.15 | 9.4 | 0.36 | 10.7 | 0.15 | 10.3 | 0.11 | 9.8 | 0.18 | 10.1 | 0.19 | Self Employed | 9.9 | 0.16 | 9.9 | 0.28 | 10.7 | 0.16 | 10.4 | 0.10 | 10.0 | 0.20 | 10.4 | 0.14 | Homemaker | 9.9 | 0.16 | 9.5 | 0.40 | 10.7 | 0.16 | 10.3 | 0.11 | 9.9 | 0.20 | 10.2 | 0.14 | Retired Persons | 10.4 | 0.35 | 9.9 | 0.54 | 10.9 | 0.34 | 10.5 | 0.29 | 10.0 | 0.40 | 10.3 | 0.35 | Daily Workers | 10.0 | 0.21 | 9.8 | 0.40 | 11.1 | 0.21 | 10.7 | 0.27 | 10.0 | 0.26 | 10.5 | 0.26 | Other category | 10.2 | 0.22 | 10.1 | 0.23 | 11.2 | 0.22 | 10.8 | 0.26 | 10.3 | 0.26 | 10.6 | 0.26 | Age Group-wise | | | | | | | | | | | | | Up to 25 years | 9.9 | 0.19 | 9.5 | 0.52 | 10.8 | 0.19 | 10.4 | 0.15 | 10.2 | 0.23 | 10.4 | 0.16 | 25 to 30 years | 9.5 | 0.17 | 9.0 | 0.37 | 10.4 | 0.17 | 10.1 | 0.20 | 9.6 | 0.22 | 10.0 | 0.28 | 30 to 35 years | 9.6 | 0.17 | 9.1 | 0.35 | 10.6 | 0.17 | 10.2 | 0.15 | 9.8 | 0.22 | 10.2 | 0.21 | 35 to 40 years | 9.9 | 0.17 | 9.7 | 0.36 | 10.8 | 0.17 | 10.4 | 0.11 | 10.2 | 0.21 | 10.3 | 0.15 | 40 to 45 years | 10.0 | 0.21 | 10.1 | 0.21 | 11.0 | 0.21 | 10.6 | 0.17 | 10.3 | 0.26 | 10.5 | 0.21 | 45 to 50 years | 10.0 | 0.23 | 9.9 | 0.39 | 10.8 | 0.22 | 10.5 | 0.13 | 9.8 | 0.29 | 10.2 | 0.27 | 50 to 55 years | 10.7 | 0.26 | 10.3 | 0.17 | 11.5 | 0.24 | 11.0 | 0.41 | 10.5 | 0.36 | 10.9 | 0.41 | 55 to 60 years | 10.5 | 0.32 | 10.3 | 0.31 | 11.1 | 0.31 | 10.8 | 0.35 | 9.6 | 0.38 | 10.1 | 0.36 | 60 years and above | 10.4 | 0.29 | 10.0 | 0.40 | 11.0 | 0.28 | 10.6 | 0.29 | 9.9 | 0.35 | 10.3 | 0.27 | City-wise | | | | | | | | | | | | | Ahmedabad | 10.1 | 0.30 | 10.1 | 0.32 | 11.6 | 0.32 | 11.3 | 0.66 | 10.3 | 0.41 | 10.8 | 0.44 | Bengaluru | 9.2 | 0.28 | 9.5 | 0.70 | 10.4 | 0.28 | 10.4 | 0.18 | 10.0 | 0.32 | 10.3 | 0.22 | Bhopal | 8.8 | 0.57 | 7.7 | 1.20 | 9.8 | 0.61 | 9.2 | 1.01 | 8.6 | 0.85 | 9.0 | 1.49 | Bhubaneswar | 9.9 | 0.93 | 10.2 | 2.07 | 10.7 | 0.91 | 12.2 | 2.41 | 10.0 | 0.97 | 11.4 | 2.98 | Chennai | 9.5 | 0.39 | 9.5 | 0.79 | 11.1 | 0.34 | 10.7 | 0.37 | 10.7 | 0.45 | 11.3 | 0.83 | Delhi | 9.0 | 0.22 | 8.3 | 0.34 | 9.7 | 0.23 | 9.3 | 0.40 | 9.0 | 0.26 | 9.0 | 0.45 | Guwahati | 11.7 | 0.85 | 11.6 | 2.54 | 12.3 | 0.82 | 13.4 | 2.12 | 10.7 | 1.02 | 11.7 | 1.85 | Hyderabad | 11.8 | 0.40 | 13.4 | 1.91 | 12.7 | 0.38 | 15.7 | 0.56 | 11.2 | 0.48 | 15.2 | 1.03 | Jaipur | 9.5 | 0.55 | 9.6 | 0.98 | 10.2 | 0.58 | 10.1 | 0.69 | 9.5 | 0.76 | 9.8 | 1.09 | Kolkata | 11.8 | 0.30 | 11.8 | 1.54 | 12.5 | 0.28 | 14.5 | 1.06 | 11.8 | 0.34 | 13.8 | 1.50 | Lucknow | 10.0 | 0.60 | 10.0 | 0.66 | 10.9 | 0.56 | 10.8 | 0.75 | 10.0 | 0.61 | 10.4 | 0.69 | Mumbai | 9.9 | 0.24 | 8.8 | 0.23 | 10.4 | 0.25 | 9.6 | 0.39 | 8.6 | 0.30 | 8.6 | 0.34 | Nagpur | 9.8 | 0.51 | 8.8 | 0.61 | 11.2 | 0.45 | 10.6 | 0.65 | 11.1 | 0.54 | 10.9 | 0.71 | Patna | 8.1 | 0.54 | 7.1 | 0.74 | 8.8 | 0.62 | 8.3 | 0.69 | 7.1 | 0.74 | 6.8 | 1.24 | Thiruvananthapuram | 6.5 | 0.59 | 5.2 | 0.53 | 7.9 | 0.65 | 6.7 | 0.82 | 8.9 | 0.82 | 8.0 | 0.78 | Chandigarh | 10.1 | 0.61 | 10.4 | 0.53 | 10.4 | 0.69 | 10.8 | 0.66 | 10.2 | 0.73 | 11.2 | 1.15 | Ranchi | 7.6 | 0.35 | 7.3 | 0.42 | 8.6 | 0.49 | 8.3 | 0.57 | 7.6 | 0.65 | 8.1 | 0.96 | Raipur | 8.4 | 0.58 | 7.7 | 0.76 | 9.3 | 0.66 | 8.4 | 0.71 | 8.6 | 0.84 | 9.1 | 0.88 | Note: The table provides estimates and standard errors for quantitative responses. | 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 | Sep-19 | 8.2 | 0.12 | 7.1 | 0.18 | 8.9 | 0.12 | 8.0 | 0.15 | 8.6 | 0.13 | 8.1 | 0.19 | Mar-20 | 8.4 | 0.09 | 7.6 | 0.12 | 9.2 | 0.10 | 8.5 | 0.11 | 9.1 | 0.11 | 9.0 | 0.18 | May-20 | 9.6 | 0.09 | 9.3 | 0.28 | 10.6 | 0.09 | 10.4 | 0.06 | 9.7 | 0.12 | 10.2 | 0.07 | Jul-20 | 10.0 | 0.11 | 9.9 | 0.21 | 10.8 | 0.11 | 10.5 | 0.06 | 9.8 | 0.14 | 10.3 | 0.08 | Sep-20 | 9.9 | 0.10 | 9.8 | 0.25 | 10.8 | 0.10 | 10.4 | 0.07 | 9.9 | 0.12 | 10.3 | 0.08 | 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 | Sep-19 | 62.7 | 62.1 | 50.2 | 56.8 | 61.2 | Mar-20 | 65.4 | 64.6 | 55.8 | 61.1 | 64.7 | May-20 | 63.3 | 59.8 | 46.5 | 42.6 | 57.3 | Jul-20 | 62.8 | 61.0 | 49.9 | 43.6 | 58.4 | Sep-20 | 62.1 | 61.0 | 50.4 | 45.9 | 60.5 | One Year Ahead | Sep-19 | 70.7 | 67.5 | 56.8 | 65.5 | 70.0 | Mar-20 | 71.9 | 71.8 | 63.2 | 69.9 | 72.3 | May-20 | 62.3 | 59.5 | 50.9 | 50.3 | 62.3 | Jul-20 | 63.9 | 64.5 | 55.2 | 51.2 | 65.7 | Sep-20 | 63.0 | 64.8 | 55.5 | 53.6 | 66.6 | 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: September 2020 | 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 | 23 | 1 | 4 | 3 | 1 | 7 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41 | 1-<2 | 0 | 27 | 12 | 5 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48 | 2-<3 | 3 | 5 | 70 | 47 | 30 | 17 | 3 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178 | 3-<4 | 1 | 2 | 15 | 100 | 34 | 65 | 18 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 241 | 4-<5 | 1 | 0 | 4 | 4 | 104 | 53 | 37 | 10 | 3 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 222 | 5-<6 | 1 | 4 | 13 | 14 | 15 | 376 | 77 | 147 | 76 | 14 | 98 | 1 | 2 | 2 | 0 | 10 | 0 | 0 | 850 | 6-<7 | 0 | 0 | 1 | 5 | 6 | 5 | 132 | 54 | 54 | 11 | 14 | 1 | 8 | 0 | 0 | 0 | 2 | 1 | 294 | 7-<8 | 0 | 1 | 0 | 1 | 1 | 9 | 6 | 174 | 72 | 55 | 50 | 9 | 5 | 0 | 2 | 6 | 1 | 0 | 392 | 8-<9 | 0 | 0 | 1 | 0 | 0 | 6 | 9 | 7 | 220 | 58 | 104 | 10 | 23 | 3 | 0 | 4 | 9 | 0 | 454 | 9-<10 | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 3 | 4 | 76 | 30 | 25 | 22 | 4 | 4 | 9 | 3 | 0 | 184 | 10-<11 | 0 | 0 | 1 | 1 | 3 | 28 | 6 | 7 | 9 | 2 | 435 | 48 | 135 | 46 | 8 | 228 | 88 | 2 | 1047 | 11-<12 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16 | 3 | 9 | 0 | 2 | 3 | 1 | 34 | 12-<13 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 34 | 7 | 11 | 19 | 2 | 0 | 79 | 13-<14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 12 | 5 | 4 | 9 | 1 | 32 | 14-<15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 2 | 8 | 1 | 22 | 15-<16 | 0 | 0 | 0 | 1 | 1 | 3 | 0 | 0 | 1 | 0 | 8 | 0 | 1 | 1 | 1 | 99 | 139 | 0 | 255 | >=16 | 0 | 0 | 1 | 1 | 1 | 9 | 0 | 0 | 2 | 0 | 25 | 0 | 3 | 0 | 0 | 30 | 1194 | 13 | 1279 | Total | 29 | 40 | 122 | 182 | 198 | 582 | 291 | 406 | 446 | 218 | 772 | 111 | 236 | 84 | 41 | 415 | 1459 | 20 | 5652 | 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: September 2020 | 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 | 20 | 1 | 3 | 2 | 2 | 7 | 1 | 0 | 1 | 0 | 3 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 41 | 1-<2 | 13 | 10 | 10 | 5 | 2 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48 | 2-<3 | 30 | 5 | 35 | 44 | 25 | 25 | 3 | 6 | 3 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178 | 3-<4 | 38 | 1 | 6 | 48 | 34 | 48 | 24 | 15 | 13 | 2 | 6 | 0 | 3 | 0 | 0 | 1 | 2 | 0 | 241 | 4-<5 | 37 | 1 | 3 | 3 | 58 | 36 | 41 | 19 | 9 | 2 | 7 | 3 | 1 | 0 | 0 | 1 | 1 | 0 | 222 | 5-<6 | 107 | 0 | 3 | 7 | 9 | 243 | 38 | 127 | 80 | 18 | 160 | 4 | 9 | 2 | 1 | 32 | 10 | 0 | 850 | 6-<7 | 46 | 1 | 0 | 0 | 2 | 6 | 76 | 34 | 53 | 25 | 29 | 2 | 9 | 1 | 0 | 8 | 2 | 0 | 294 | 7-<8 | 57 | 1 | 0 | 0 | 2 | 2 | 2 | 95 | 65 | 62 | 57 | 18 | 10 | 2 | 4 | 9 | 4 | 2 | 392 | 8-<9 | 73 | 0 | 0 | 1 | 0 | 1 | 3 | 8 | 121 | 62 | 99 | 13 | 37 | 3 | 4 | 17 | 12 | 0 | 454 | 9-<10 | 28 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 36 | 32 | 23 | 15 | 10 | 5 | 16 | 12 | 0 | 184 | 10-<11 | 136 | 0 | 0 | 1 | 0 | 16 | 3 | 5 | 13 | 4 | 252 | 32 | 97 | 40 | 15 | 231 | 200 | 2 | 1047 | 11-<12 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 12 | 7 | 3 | 3 | 3 | 4 | 0 | 34 | 12-<13 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 3 | 2 | 18 | 8 | 5 | 21 | 11 | 0 | 79 | 13-<14 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 6 | 2 | 6 | 10 | 1 | 32 | 14-<15 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 5 | 1 | 11 | 0 | 22 | 15-<16 | 31 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 4 | 0 | 1 | 1 | 2 | 52 | 161 | 0 | 255 | >=16 | 190 | 0 | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 0 | 18 | 0 | 0 | 0 | 0 | 19 | 1034 | 11 | 1279 | Total | 822 | 20 | 60 | 112 | 134 | 399 | 193 | 312 | 365 | 215 | 673 | 109 | 208 | 76 | 46 | 418 | 1474 | 16 | 5652 | Note: Figures are based on sample observations | |