Table 1(a): Product-wise Expectations of Prices for Three Months ahead |
(Percentage of Respondents) |
Survey period ended | Jan-23 | Jul-23 | Sep-23 | Nov-23 | Jan-24 |
General | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE | Estimate | SE |
Prices will increase | 84.3 | 0.76 | 80.8 | 0.86 | 74.2 | 0.97 | 74.1 | 0.93 | 78.2 | 0.84 |
Price increase more than current rate | 60.8 | 1.14 | 55.3 | 1.20 | 49.5 | 1.10 | 50.8 | 1.13 | 54.4 | 1.09 |
Price increase similar to current rate | 20.2 | 0.86 | 21.8 | 0.93 | 20.0 | 0.80 | 19.1 | 0.85 | 19.5 | 0.80 |
Price increase less than current rate | 3.4 | 0.36 | 3.6 | 0.39 | 4.7 | 0.47 | 4.2 | 0.42 | 4.2 | 0.43 |
No changes in prices | 13.3 | 0.71 | 16.1 | 0.79 | 20.7 | 0.88 | 21.2 | 0.88 | 18.3 | 0.79 |
Decline in prices | 2.3 | 0.30 | 3.1 | 0.41 | 5.0 | 0.52 | 4.7 | 0.45 | 3.6 | 0.37 |
Food Product | | | | | | | | | | |
Prices will increase | 84.6 | 0.72 | 84.0 | 0.77 | 75.4 | 0.87 | 75.5 | 0.90 | 80.2 | 0.77 |
Price increase more than current rate | 61.1 | 1.08 | 63.5 | 1.04 | 55.1 | 1.05 | 53.7 | 1.04 | 59.3 | 1.00 |
Price increase similar to current rate | 18.4 | 0.77 | 15.5 | 0.72 | 15.1 | 0.71 | 16.1 | 0.74 | 15.6 | 0.72 |
Price increase less than current rate | 5.1 | 0.43 | 5.0 | 0.44 | 5.3 | 0.46 | 5.8 | 0.47 | 5.4 | 0.45 |
No changes in prices | 10.2 | 0.59 | 9.0 | 0.60 | 13.2 | 0.68 | 15.5 | 0.76 | 12.3 | 0.65 |
Decline in prices | 5.2 | 0.45 | 7.0 | 0.54 | 11.3 | 0.66 | 9.0 | 0.57 | 7.5 | 0.51 |
Non- Food Product | | | | | | | | | | |
Prices will increase | 81.8 | 0.77 | 75.5 | 0.92 | 69.2 | 0.93 | 73.8 | 0.87 | 74.0 | 0.85 |
Price increase more than current rate | 56.4 | 1.08 | 52.2 | 1.16 | 47.1 | 1.04 | 52.4 | 1.04 | 52.3 | 1.03 |
Price increase similar to current rate | 20.5 | 0.82 | 18.4 | 0.80 | 16.7 | 0.72 | 16.1 | 0.72 | 16.4 | 0.71 |
Price increase less than current rate | 4.9 | 0.44 | 4.9 | 0.43 | 5.4 | 0.51 | 5.3 | 0.46 | 5.2 | 0.45 |
No changes in prices | 13.4 | 0.67 | 18.3 | 0.80 | 20.5 | 0.77 | 19.5 | 0.77 | 18.6 | 0.76 |
Decline in prices | 4.7 | 0.43 | 6.2 | 0.54 | 10.3 | 0.66 | 6.7 | 0.48 | 7.4 | 0.52 |
Household Durables | | | | | | | | | | |
Prices will increase | 72.4 | 0.90 | 65.8 | 0.97 | 62.2 | 0.99 | 63.8 | 0.98 | 65.5 | 0.93 |
Price increase more than current rate | 50.3 | 1.07 | 45.3 | 1.12 | 43.2 | 1.05 | 45.5 | 1.02 | 46.3 | 1.04 |
Price increase similar to current rate | 17.5 | 0.71 | 15.8 | 0.75 | 14.1 | 0.65 | 13.4 | 0.68 | 14.5 | 0.65 |
Price increase less than current rate | 4.6 | 0.42 | 4.6 | 0.41 | 4.9 | 0.43 | 4.9 | 0.43 | 4.7 | 0.42 |
No changes in prices | 21.2 | 0.84 | 25.0 | 0.88 | 26.4 | 0.88 | 25.9 | 0.89 | 25.2 | 0.85 |
Decline in prices | 6.3 | 0.47 | 9.2 | 0.60 | 11.3 | 0.64 | 10.3 | 0.59 | 9.4 | 0.57 |
Cost of Housing | | | | | | | | | | |
Prices will increase | 78.0 | 0.86 | 76.8 | 0.94 | 75.1 | 0.95 | 76.8 | 0.88 | 78.4 | 0.83 |
Price increase more than current rate | 58.4 | 1.08 | 56.0 | 1.14 | 54.3 | 1.09 | 57.2 | 1.09 | 58.2 | 1.05 |
Price increase similar to current rate | 16.3 | 0.73 | 17.0 | 0.75 | 16.3 | 0.66 | 15.5 | 0.72 | 16.1 | 0.72 |
Price increase less than current rate | 3.3 | 0.35 | 3.7 | 0.35 | 4.5 | 0.43 | 4.1 | 0.37 | 4.0 | 0.41 |
No changes in prices | 18.9 | 0.84 | 20.2 | 0.88 | 20.9 | 0.90 | 20.0 | 0.83 | 18.1 | 0.79 |
Decline in prices | 3.1 | 0.34 | 3.0 | 0.37 | 4.1 | 0.46 | 3.2 | 0.36 | 3.6 | 0.34 |
Cost of Services | | | | | | | | | | |
Prices will increase | 71.7 | 0.90 | 67.7 | 0.97 | 63.0 | 1.04 | 63.3 | 0.96 | 65.0 | 0.93 |
Price increase more than current rate | 49.9 | 1.08 | 47.3 | 1.13 | 44.7 | 1.05 | 43.7 | 1.09 | 46.1 | 1.02 |
Price increase similar to current rate | 17.6 | 0.71 | 15.9 | 0.72 | 14.5 | 0.68 | 15.5 | 0.70 | 15.0 | 0.69 |
Price increase less than current rate | 4.1 | 0.40 | 4.5 | 0.40 | 3.9 | 0.40 | 4.2 | 0.40 | 3.8 | 0.37 |
No changes in prices | 25.5 | 0.88 | 28.2 | 0.90 | 31.2 | 0.99 | 31.5 | 0.93 | 30.5 | 0.91 |
Decline in prices | 2.7 | 0.30 | 4.1 | 0.43 | 5.7 | 0.54 | 5.1 | 0.48 | 4.5 | 0.41 |
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. |